Elegant Bridal Salon in Morristown, NJ

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Asking Price:
$60,000

Gross Revenue:
$268,242
Cash Flow:
$147,833
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$32,000
included in asking price

FF&E:
$2,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Owner Motivated, Price Change Due to Health Issues. Elegant Bridal Salon, located in a very upscale town in Morris County. Situated in a Victorian home. Established in 1984, the salon has a long list of happy brides. This salon specializes in Mother of the Bride, Bridal Gowns, Bridesmaids and Prom dresses. Selling due to health issues. This is a great opportunity for a fashion oriented entrepreneur. Seamstress will stay on.

About the Business

Year Established:
1984
Number of Employees:
1
Relocatable:
Yes
Facilities:
First Floor of a Victorian House just off the Main Street in town.
Market Outlook/
Competition:
Weddings are always happening with Brides needing assistance in choosing their gown. The business is set in an elegant setting. Excellent alterations.
Growth & Expansion:
Owner has health issues so the salon has been functioning on limited hours. The new owner can go back to regular hours and start marketing again.
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About the Sale

Reason For Selling:
Health Issues
Training/Support:
Seamstress has been running the store for the last year she will continue working and assisting in the transfer.

Listing Info

ID:
1567334
Ad Detail Views:
46

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Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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U.S. Census Data for Morris County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Morris County, NJ
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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