Exclusive Designers Wedding Gown Boutique
Fresh and trendy bridal shop with no off the rack sales offering exclusively exquisite bridal gowns, delicate handmade veils, textured hairpieces, ornate accessories and handcrafted jewelry. Designer lines include: Justin Alexander, Casablanca, Sincerity Bridal, and Hayley Paige.
Prices range around $900 to $3,100 with an average price of $1,250. Sample dresses worth over $92,000 are on display throughout the boutique for brides to try on and accessorize. Brides receive their dresses 4-6 months after
they say “yes to the dress.”
Strategic marketing events engage with and captivate brides and brides to be including “Trunk Shows” which display new designer pieces and Ladies Nights. These events provide exclusive giveaways for participants. Seasonal specials, targeted days and extended hour specials create an enticing and enjoyable experience for brides to feel at ease, comfortable, guided and special.
A team made up of one general manager, two stylists, and one event planner provide unparalleled personal attention to each and every bride to be. Focusing primarily on gown and accessories the opportunity for growth is abundant to provide additional offerings of bridesmaid’s gowns, prom dresses, alteration services and tuxedos.
The current business owner has had a passion for
weddings since her youth. Through experience in 2010 of her own journey of saying “yes to the dress” she recognized the need for exceptional personal service and assistance in choosing a bridal gown, especially in the Lincoln market. She aligned this need with her passion and created her solution which has proven to be profitable in
only 3 years. Now, it is positioned for a new owner to exponentially grow and opportunity to increase product lines. With only a 15% down payment of $25,650 a new owner can project to earn a 138% return in year 1!
Years in Business: 3 years October 2015 Location and Service Area: Lincoln, NE Clients:
Approximately 250 brides per year Lease: $1,900 per month
Employees: 1 general manager, 2 stylists, 1 event planner
Hours: Tuesday thru Sunday
Seller Training Period: 2 months preferred, as needed
Growth Opportunities: Increase product lines and service offerings to include tuxedos, bridesmaid
gowns, prom dresses and alteration services
Current Owner’s Responsibilities: Involved in daily operations but a dependable staff is in place, specifically focused on marketing and managing social media
Reason for Selling: Current business owner enjoys new chapters every 3 – 5 years. Though this business is profitable and well established a new opportunity is willingly being pursued enabling a new owner to further grow this business.
List Price: $171,000
Owner Profit/Cash Flow
YOY Growth: Sales grew by 41% from 2014 to 2015
Profit Margin: 25%
Multiple: 3.25 *Multiples range from 1-5, with the average being 3
Valuation: 2015 Cash Flow x Multiple = Price
$52,755 x 3.25 = $171,453
Assets Included in Purchase: $131,439
Inventory: $92,736 in dress samples
Work in Progress: $35,000
Intangible Assets: Proprietary website with online
appointment setting, blog and social media presence
*amounts may vary
Purchase Price: $171,000
15% Buyer Down Payment: $25,650
15% Seller Financing: $25,650
70% Bank Loan: $119,700
Bank Loan is $11,739 Over Collateralized
138% Return on Down Payment in Year 1
Premier Dress Shop Specializing in Accessories and Gowns
Coming with $250,000 (Retail Value) in Inventory, this business is set coming dress seasons. The business has growth potential by providing dresses for younger girls for other special events such as weddings – flower girls, and other events.
Revenue generating from Dresses (80%) and Accessories (20%) this specialized shop had sales of $351,462 in 2015! This business has built a strong National name recognition as well as the exclusive right with some of the top designers.
Located in Omaha, Nebraska this business is seeing people from all over stop in to see what they have to offer. Providing a wide variety of gowns for prom, pageants, weddings (bridesmaids), as well as other special events – this business has something for everyone! The business is fully staffed with a FT Assistant Manager as well as 3 PT Sales Associates. The current Owner is currently doing the dress buying, scheduling, and some sales – she is willing to stay on for 6 months post-close to assist the Buyer in transition.
An SBA Express Loan could be provided due to the loan amount being under $250,000 ~.
Year Established: 2007
Location and Service Area: Omaha, Nebraska
Client Demographics: Women from ages 16 to 35 seeking high-end dresses and gowns for special events
Reason for Selling: Change in Family
Employees: 1 FT Assistant Manager & 3 PT Sales Associates
Hours: Tuesday-Sat 10-6, Sun 12-4, Monday by appt. only
Seller Training Period: Seller will train and transition for 6 months post-close
Growth Opportunities: Providing dresses for younger girls for other special events such as weddings – flower girls, and other events
Current Owner’s Responsibilities: Dress buying, scheduling staff, and some sales
List Price: $220,000
Owner Profit/Cash Flow
2015 Cash Flow: $57,878
Assets Included in Purchase: $125,000
Intangible Assets: Exclusive Rights with Top Designers, National Name Recognition in pageantry
Inventory: $125,000 Wholesale and $250,000 Retail
Purchase Price: $220,000
20% Buyer Down Payment: $44,000
10% Seller Financing: $22,000
70% Bank Loan: $154,000
*amounts may vary