MergerPlace

Dress Rental

Utah


  • Asking Price: $275,000
  • Gross Income: $203,179
  • Cash Flow: $75,497
  • Real Estate: Not Disclosed
  • Inventory: $100,000
  • FF&E: $5,000
  • Listing ID: #206144
  • Established: 2015
  • Employees: 5 PT

Business Description

This Wasatch Front based business is a very successful and rapidly growing rental business. It focuses primarily on the rental of dresses for dances and special occasions. They have a vast inventory of in-demand and stylish dresses, an excellent location in an attractive stand-alone building and outstanding employees who are experienced in dealing with customers and the day-to-day business operations. The need for owner direct involvement is limited.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Utah

Company Information

Year Established: 2015
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 PT

Financial Information

Asking Price: $275,000
Gross Revenue: $203,179
Cash Flow: $75,497
FF&E: $5,000
Inventory: $100,000
Seller Financing Available: No

Property Information

Facilities:

The business is located in 3,600 square feet of leased space fronting on a major thoroughfare. It is attractively built out with 12 dressing rooms and adequate space to house and show off the large inventory of dresses.

Growth & expansion opportunities:

The demographics in Utah are ideal for this business. The population in Utah is one of the fastest growing in the country; and the average age of Utahan's is much lower than the national average due to the large families that are common in the area. In addition, there are a variety of potential add-on businesses that could be integrated (accessories to match the dresses, geographical expansion, etc.)

Competition:

Rental of dresses is a huge trend for monetary as well as style reasons. The rental of a "prom dress" can cost as little as 25% of the cost to buy a similar dress and a different dress can be rented for the next event. There are places that do dress rentals but these are not as well located demographically speaking and do not have the same inventory base or name recognition.

Reason for selling:

The owner is selling due to a job related re-location and family responsibilities that constrain the owner from providing the guidance and direction needed to grow the business.

Support & Training:

Will train for 4 weeks @ no cost. The business is well stocked with dresses (approximately 2,000) for rent; employees who understand the business including assisting customers with fittings, a seamstress on call for any needed alterations and appropriate city licenses.

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Business Listed By:

Marvin Slovacek

Murphy Business Brokers