The selling price does not include the inventory which will fluctuate month to month. This business is a full-service bridal and formalwear boutique located in western PA. The shop was recently acquired by a couple that wanted to provide an attentive atmosphere where a bride or young girl could receive specialized attention on her special day. The new owner’s objective was to grow the business and profits as quickly as possible which they accomplished by increasing revenue by 30% per year for 2015 and 15% in 2016. The shop expanded in 2016 to include tuxedo sales and rentals. The store is now one of the leading sellers for AC Tux, resulting in an expanding and a highly profitable portion of the business and it continues to grow. They are on track to hit a 35% revenue increase in 2017. Due to their outstanding success, the ownership has been presented with a new business opportunity and they are now selling the business. The shop carries a wide variety of bridal gowns, bridesmaid dresses, mothers' dresses, and prom as well as homecoming dresses from top designers. Their team of bridal consultants and seamstresses have over 40 years of experience in the service industry. The business provides customers the best possible customer care, service, and guidance. The updated current inventory will meet today’s demand for the customer’s bridal needs. A full time working owner will replace 1.5 part time employees which will add an additional 35% to their income.
About the Business
Number of Employees:
Building Sq. Ft.:
Present location was a new build out which accommodates 6 fitting rooms for both bridal and tuxedo customers.
No competition in the local market.
Growth & Expansion:
Owner's business plan has demonstrated success and new ownership can expect to experience continued revenue growth.
Owner will train and also there is a manager in place with operational experience.
Yes for qualified buyer
Ad Detail Views:
Asking Price: $75,000 Gross Revenue: $265,000Cash Flow: $33,607 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $230,000 included in asking priceFF&E: $58,000 included in asking priceShare 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.
Highly Profitable and Growing Bridal and Tuxedo Shop
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