MergerPlace

Bridal Consignment and Retail Store

South Dakota


  • Asking Price: $115,000
  • Gross Income: $211,000
  • Cash Flow: $33,184
  • Real Estate: Not Disclosed
  • Inventory: $30,000
  • FF&E: $20,000
  • Listing ID: #222586
  • Established: 2016
  • Employees: 3 PT

Business Description

Wedding Dress consignment store also offering wedding decor and retail dress inventory. Retail inventory is over 90% new and unworn. Consignments on dresses and decor are taken on a regular basis, the inventory is then priced and displayed. When sales are complete the store splits the sales price with the original owner. Additional source of high volume inventory is by working with area retail shops on dresses that are new but last years styles. The store will consign that new inventory and sell at less than full retail price, still allowing for nice margins on this revenue stream with no risk to the store.


Business Details

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

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 PT

Financial Information

Asking Price: $115,000
Gross Revenue: $211,000
Cash Flow: $33,184
FF&E: $20,000
Inventory: $30,000
Seller Financing Available: No

Property Information

Facilities:

3,200 square feet of retail space in a very nice strip mall with capacity for another 3,200 square feet adjacent to store. Significant storage is also available within this space that allows for consignment intake and pricing prior to moving the inventory to the display floor. There is a very nice dressing room area with viewing area for the bride to be to model dresses.

Growth & expansion opportunities:

Business has continued to grow year over year and has expansion space available. There are untapped markets as in Mother of the Bride/ Groom and Prom Dresses, as well as tux rentals, linen and decor rentals and wedding planning services. Business has continued to grow in 2020 with the exception of the mandatory closing due to covid 19, they were shut down for 2 months.

Competition:

In this marketplace there are several retail stores that only offer new, higher priced merchandise. Excellent customer service skills further increase competitive outlook.

Reason for selling:

One owner needs to exit business for personal reasons.

Support & Training:

Will train for 2 weeks @ no cost Other than normal state and federal license requirements there are no special skills required.

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Business Listed By:

Rey Gonzales

Murphy Business Brokers