Highly Profitable and Growing Bridal and Tuxedo Shop

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Business Description

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

Year Established:
2015
Number of Employees:
5 PT
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Amount/Mo.:
$900.00
Facilities:
Present location was a new build out which accommodates 6 fitting rooms for both bridal and tuxedo customers.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
New business opportunity.
Training/Support:
Owner will train and also there is a manager in place with operational experience.
Seller Financing:
Yes for qualified buyer

Listing Info

ID:
1431748
Ad Detail Views:
83
Asking Price:
$75,000

Gross Revenue:
$265,000
Cash Flow:
$33,607
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$230,000
included in asking price

FF&E:
$58,000
included in asking price

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Business Listed by

Richard B. Ames

RB AMES CO - RS280690

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

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

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