Established Business for Sale

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Bridal and Formal Wear Store
Asking Price:
$285,000

Gross Revenue:
$538,000
Cash Flow:
$238,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$895,000
included in asking price

FF&E:
$25,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Established Bridal and Formal wear store in the HEART of Valdosta, Georgia with an established customer base and a well stocked, off the rack sales inventory of over $900K . This includes, bridal, prom, homecoming, pageant, shoes and jewelry stock, just to name a few. Established website will go with the sale and owner will finance for up to one year with down payment. Owner will stay for training of new owner for 90 days, if needed. THIS is a ONCE in a LIFETIME offer for anyone that has the desire to be in this industry. Owner is having to retire due to medical issues.

About the Business

Year Established:
2016
Number of Employees:
1
Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
2,800
Facilities:
Facility is rented, but ONE YEAR free rent is being offered with the FULL offer of business purchase. This will include ALL facilities, electric, internet access, water, sewer services and parking. Assets include all inventory, racks, display cabinets, computer, credit card processing machine, security system, phone number, web domain name. MUST be activated in new owners name, but all equipment will remain.
Website:
elainesformals.com
Market Outlook/
Competition:
Only one other bridal store in the area that is considered competition, and NO other Prom competitor within 30 miles of our location. We have maintained a Google score of 4.8 and Facebook 4.8 score for all of the 3 years we have been in business.
Growth & Expansion:
This business is VERY expandable to an internet based company and has a HUGE potential to expand into several surrounding counties.
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About the Sale

Reason For Selling:
Owner has medical issues requiring the sale
Training/Support:
Owner will remain on site for training and FREE help for up to 90 days.
Seller Financing:
Must pay $85,000 down and monthly payments to be paid over 3 years

Listing Info

ID:
1418828
Ad Detail Views:
64

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Business Listed by
Beverly Maluda

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U.S. Census Data for Lowndes County, GA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Lowndes County, GA
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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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