MergerPlace

High End Bridal & Formal Wear Store

Minnesota


  • Asking Price: $725,000
  • Gross Income: $1,378,391
  • Cash Flow: $163,106
  • Real Estate: Not Disclosed
  • Inventory: $582,783
  • FF&E: $52,000
  • Listing ID: #214081
  • Established: 1981
  • Employees:

Business Description

This very successful ladies' high fashion, high volume store has been operating for almost 40 years providing high quality, full service and exclusive fashions from some of the best bridal & formal wear designers in the world. The store draws high end buyers from the surrounding five states. They have a very knowledgeable and long term staff to service their customer base. The company also participates in a number of trunk shows that show off the new fashions and increases their market image. EACH POTENTIAL BUYER WILL NEED TO BE APPROVED BY THE OWNER PRIOR TO ANY ADDITIONAL INFORMATION BEING PROVIDED.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Minnesota

Company Information

Year Established: 1981
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $725,000
Gross Revenue: $1,378,391
Cash Flow: $163,106
FF&E: $52,000
Inventory: $582,783
Seller Financing Available: No

Property Information

Facilities:

The store leases space in a mall which was just remodeled in the last year. The store is totally new on the inside as well. The space has always been well maintained and their high end customer base is very comfortable in this stylish settings. The store is in the third year of a seven year lease with a five year extension available to the tenant. There is plenty of parking available.

Growth & expansion opportunities:

Additional business could occur through the addition of more regional wedding shows along with expanding the advertising / marketing effort.

Competition:

There are other competitors for high end bridal and prom apparel, but few stores in this market can match the designs and the designer labels that this store offers.

Reason for selling:

The owner wishes to retire.

Support & Training:

Will train for 4 weeks @ no cost This long time high end bridal and formal wear store sells bridal and bridesmaid's dresses, prom dresses, accessories for both and rents out formal wear for the man too. The buyer of this business will do best with an understanding of sales & marketing, personnel management and have the necessary financial & accounting skills.

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Business Listed By:

Darrel Damhof

Murphy Business Brokers