71032-Retail Bridal Shop-Accessories and Alteration Svs

WA

Seller Financing Available
71032-Retail Bridal Shop-Accessories and Alteration Svs

Asking Price:$750,000

Cash Flow:$217,000

Gross Revenue:$2,119,000

EBITDA:$139,000

FF&E:$30,000

Inventory:$550,000*

Real Estate:$1,400,000*

Established:1945

*not included in asking price.

71032-Retail Bridal Shop-Accessories and Alteration Svs

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Business Description

This Washington based Bridal shop is a full service boutique offering Bridal and bridesmaid dresses, Tuxedo's and accessories, special occasion dresses such as prom, pageant and evening gowns plus alterations. With hundreds of bridal gowns in stock, they have the largest and finest selection of bridal gowns in the Pacific Northwest. They carry designer bridals gowns made of the highest quality fabrics and made of superior construction. Their beautifully designed website offers their customers the ease of navigating quickly to find the info they are searching for. This business produces only high-quality products and works very close with their clients to make sure everything is done to their exact specifications. This Washington state business for sale is a great opportunity to take a business that is already successful and build on that foundation to secure your future.

This Bridal shop has been in business for over 68 years and the current ownership started in 2007. After years of hard work and loyal customers standing true throughout the years, the current owner is ready to see a new owner take it to the next level. This business could be operated in a hands-on or absentee fashion giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of the total revenue, 56% comes from the Bridal dresses, 17% from alterations, 11% from special occasion dresses, 9% for bridesmaids dresses and 7% from Tuxedo rental and accessories. The company has seen an incredible, solid growth over the last few years. This business would be a good acquisition for a wholesaler of bridal wear as well. This wonderful business offers a new owner consistency in supplier, good sales volume, market growth and profitability. Vehicles and equipment are included in the sale. Inventory varies and is to be negotiated at the time of sale. More details are available upon request.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
41
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 12,000 sq. ft building was built in 1922 and has been beautifully remodeled. They are in a high traffic location. The shop area is 8,000 sq. ft over two floors, an ample storage space of 4,000 sq. ft occupies the 3rd floor. The property is owned with the option to lease or purchase.
Competition:
30% repeat clientele. This bridal business for sale has earned an excellent reputation over the past years for its reliable service, expertise, skilled and experienced staff, prompt response time, convenient hours, location, and competitive prices.
Growth & Expansion:
Growing their Tuxedo rentals and bridesmaid portion of the business would greatly increase profits because there is little competition for them in this area.
Financing:
Negotiable up to: 10.00 %
Support & Training:
The staff will most likely stay on after the sale. Remote Owner involved offsite with two on site managers.
Reason for Selling:
Other interests.

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