MergerPlace

Formal Wear Boutique

South Carolina


  • Asking Price: $249,900
  • Gross Income: $122,350
  • Cash Flow: $57,245
  • Real Estate: Not Disclosed
  • Inventory: $144,010
  • FF&E: $18,784
  • Listing ID: #207695
  • Established: 2005
  • Employees: 1 FT / 2 PT

Business Description

This is a full service bridal shop. They specialize in wedding dresses, bridesmaid dresses, pageant dresses, shoes, tux rentals and accessories. They also receive a large number of gently used wedding dresses, bridesmaid dresses and pageant dresses on consignment. $144,000 worth of inventory is included in the price for the business.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: South Carolina

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT / 2 PT

Financial Information

Asking Price: $249,900
Gross Revenue: $122,350
Cash Flow: $57,245
FF&E: $18,784
Inventory: $144,010
Seller Financing Available: Yes

Property Information

Facilities:

The facility is charming with several thousand feet of inventory to browse.

Growth & expansion opportunities:

This business relies primarily on word of mouth with very limited marketing. They could market to pageants, florists, networking events, bridal shows and use social media to expand their customer base. They could also increase revenue by opening more hours. They are currently open 4 days a week, with Saturday being a half-day.

Competition:

The nearest competitor is approximately 12-15 miles away. There are approximately 8 other Bridal shops located from 12 - 20 miles away.

Reason for selling:

Owners want to retire.

Support & Training:

Will train for 6 weeks @ no cost This business only requires a retail sales tax license. Someone with upscale retail experience would be a plus, but not required. This business specialized in weddings, formals and pageants. Conveniently located next to the business is a separate wedding venue. Their niche is being priced 25 - 30% below the competition.

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Business Listed By:

David Smith

Murphy Business Brokers