Asking Price: $285,000 Gross Revenue: $538,000Cash Flow: $238,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $895,000 included in asking priceFF&E: $25,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
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.
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.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.