MergerPlace

Market Dominating Bridal & Formal Biz

Louisiana


  • Asking Price: $683,000
  • Gross Income: $850,922
  • Cash Flow: $127,567
  • Real Estate: Not Disclosed
  • Inventory: $425,000
  • FF&E: $87,120
  • Listing ID: #210521
  • Established: 1976
  • Employees: 7

Business Description

Bridal and Formal Business with decades of market dominance means that you can step in as the new owner and reap the rewards vs. trying to break into a market as a startup.

Below are a few of the highlights of the business:

EXCLUSIVE Authorized Retailer for many of product lines. There are a total of 14 bridal vendor relationships for wedding gowns alone - and 11 of those vendors we have exclusively in North Louisiana agreements. What that means to the new owner is that you can shut out the competition for the most desirable bridal options!

Operating Policies and Daily Processes are in place for every aspect of the business, including but not limited to, Inventory Control, Customer Relations, Sales Process, Special Ordering Process, Store Operations Handbook, Social Media Management, Employee Compensation and Bonuses, just to name a few. That means this business is NOT dependent on the existing owners - it's far more of a TURN KEY business!

Software Operating System designed specifically for bridal and formal retail store is already in place and includes a relationship with software developer of 20+ years.

MASSIVE Client Data Base Asset– the operating software contains 26 years of client database (business has been around longer). This includes over 100,000 clients with a purchase history! In addition, the seller has 26 years of data on potential clients who visited the store without a purchase history. Imagine being able to step in and immediately target these lists with additional offers as you grow the business.

Strong rankings on Google, authority in Social Media, and private VIP pages means this business is primed to push out any marketing initiatives desired by the new buyer!

Plenty of options for product expansion on top of an already dominant line and service team that's ready to work for you!


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Louisiana

Company Information

Year Established: 1976
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7

Financial Information

Asking Price: $683,000
Gross Revenue: $850,922
Cash Flow: $127,567
FF&E: $87,120
Inventory: $425,000
Seller Financing Available: Yes

Property Information

Facilities:

6,000 square foot showroom 4,000 square foot support areas

Growth & expansion opportunities:

Expanded into formal wear, but still room for product line and service expansion for revenue growth. With the MASSIVE list of buyers and prospects, there is also a great deal of opportunity for continued marketing and joint venture product offerings.

Competition:

Market dominance for decades. Competitors pop up but most are short lived.

Reason for selling:

Retirement

Support & Training:

Owners are willing to stay on for 28 days for training. Additional training or support is also negotiable.

Contact Business Seller

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Business Listed By:

Jethro Hopkins

No Coast Business Advisors