Nationally Recognized Wedding Dress Preservation Business for Sale

Solano County, CA (Relocatable)

Bridal customers can choose hanging preservation (similar to museum storage) or box preservation.

Asking Price:$95,000

Cash Flow:$63,444

Gross Revenue:$207,344

EBITDA:$63,444

FF&E:$6,700

Inventory:$10,000

Rate/Sq. Ft.:$0.79

Established:2000

Nationally Recognized Wedding Dress Preservation Business for Sale

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Business Description

Nationally Recognized Company with Unique Services that Brides Love

Fun, unusual, small, national wedding dress cleaning and preservation business with a reputation for excellence, including an A+ rating from the Better Business Bureau and superior online reviews is available for a new owner. The business is currently located in the San Francisco East Bay area but can be easily relocated as approximately 85% of business is non-local. Non-local orders ship their garments to and from the shop via FedEx.

This business has been providing excellent wedding dress cleaning, restoration and preservation to customers throughout the United States, and occasionally outside of the US, since 2000. It also sells DIY preservation supplies to consumers; and wholesale preservation supplies to dry cleaners and museums.

Wedding gown cleaning and restoration expertise that has taken years to perfect can be easily taught to a new owner in a few weeks. Dry cleaning experience and equipment is not required as most gowns are hand cleaned with water and specialty chemicals. However, existing dry cleaner could increase revenues by adding approximately 2 - 3 wedding gowns per day by acquiring website and marketing system.

This business has been recognized by national media for their great quality of service. Website has first page Google rankings for important keywords such as "wedding dress cleaning" and "wedding gown preservation" so organic search generates the majority of the business with no marketing expense. Proven marketing system generates and nurtures approximately 240 leads per month. The business has shown steady growth year to year and shows a 33% increase from 2013 to 2015. YTD sales for 2016 show a 24% increase in gross sales over 2015.

Unique services set this business apart from competitors including:

• Most wedding dresses are individually cleaned for superior results
• 90% of wedding gowns are also preserved with museum quality preservation materials
• Hanging gown preservation method (preferred by 78% of brides surveyed over standard boxes)
• Approximately 20% of business is restoring vintage wedding gowns
• Average order is approximately $435 (higher than standard local cleaner prices, but less than some high end cleaners charge)
• Wholesale preservation supply opportunity has great potential (thousands of dry cleaners and museums that could purchase preservation bags and supplies)

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
9/30/2016
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business could be relocated to an existing dry cleaning shop, or other commercial location. It currently occupies approximately 1200 square feet of “light industrial” space. The current lease of $950 per month expired on September 30, 2016, and is now a month-to-month agreement. The Landlord is willing to enter a new long term lease with the new owner if desired. Shop includes small front office (100 sq feet) and 1100 sq feet workroom, bathroom and storage area.
Competition:
This business provides three different packages and price points for customers to choose from, each a higher quality than most competitors. Main competition is: Local dry cleaners (usually lower quality and price); David's Bridal - low cost and low quality (many brides purchase preservation when they purchase gown); Wedding Gown Preservation Company - low cost and low quality (national wholesale provider affiliating with bridal shops across the USA); JSScheer - high cost and high quality (available online or through higher end bridal shops)
Growth & Expansion:
Current location estimates they could process 5-6 gowns per day with new, successful marketing and additional trained staff. This would increase revenues significantly as 2015 processing average was 1.8 gowns per day. 2016 current processing is about 2 - 3 dresses per day. Marketing opportunities include affiliate sales and local bridal shows. Potential affiliates include bridal shops, other dry cleaners (who do not want to handle bridal gowns), hotels, and other wedding venues.
Financing:
Cash sale
Support & Training:
If the business is purchased outside of the San Francisco area, onsite training can be negotiated. Training is included at current location for one month at no charge and for two additional months as a paid employee (rate negotiable). Owner will be available for consultations as needed afterward. Training videos will also be provided.
Reason for Selling:
Owner has other business interests where they would like to focus time.

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Business Listed By:
Katy Barlow

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