Award Winning Bridal Salon

Barrington, IL (Lake County)

Award Winning Bridal Salon
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Asking Price: $205,000

Cash Flow: $78,000

Gross Revenue: $405,000

EBITDA: N/A

FF&E: $12,000

Inventory: $120,000

Rent: $3,090 /Month

Established: 2016

Award Winning Bridal Salon

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Business Description

5 Star Reviews & By Appointment

This award winning (three years in a row!)and FIVE star rated, by-appointment-only salon currently has a 10% YOY growth, solely based on bridal gowns and accessories. It's located in a beautiful shopping center with plenty of parking and popular restaurants. We carry top designers and a few private labels - one exclusive within 150 mile radius. Want to grow even more? You can expand into bridesmaids, mother of the bride/groom, alterations etc., and easily double your profits. Another way to increase income is to expand into a bigger location or add another fitting room. You can enjoy working from home or be a sales person and bring home more money! The options are endless in this recession-free business. Most importantly, after three years of business 50% of our brides are now referral based, due to our excellent reviews. Plus, there are often wait lists for brides on Saturdays.
Aside from everything above you work less than 40 hours a week, travel to amazing bridal markets, and get to attend exciting bridal photo shoots, enjoy being around beautiful gowns and make money while doing it. Don't let this once in a lifetime opportunity pass you up!

Detailed Information

Location:
Barrington, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,700
Lease Expiration:
5/31/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
ALL FURNITURE, FIXTURES,GOWNS AND ACCESSORIES INCLUDED IN SALE!
Competition:
Competitor stores range from 6-12 miles away.
Growth & Expansion:
Major opportunities for growth: Alterations: Add over $100K per year* Bridesmaids: Add over $200K per year based on a group of 6 girls per bride* Evening Wear: Add $50K per year* Based on current facility size * You can also add flower girls, tuxes. Possibilities are endless!
Financing:
Pending credit & Down payment & Offer
Support & Training:
The seller will train on all aspects of the business up to 120 hours or 3 weeks.
Reason for Selling:
Owner has other business requiring attention
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Business Listed By:
Not Disclosed

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