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Best in Class Bridal Business

Coral Gables, FL (Miami-Dade County)

Bridal Boutique Fronts 44,000 Cars
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Asking Price: $750,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,100,000*

Established: 1982

*not included in asking price.

Best in Class Bridal Business

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Business Description

Established Bridal Boutique and Prime Real Estate

The Business
This bridal boutique has been dressing the most beautiful brides for over 37 years. Known for their beautiful collections of gowns from Spain, Italy, Australia, Turkey, and the United States. This business is a full-service store with an experienced and courteous staff of bridal consultants, as well as an excellent alteration department. It is recognized by its large international clientele from South and Central America, as well as the Caribbean, for its friendly and knowledgeable service and fabulous Bridal Collections. It is the holder of many awards including: Wedding Wire: Bride’s & Couples’ Choice Awards (’11-’19) The Knot: Best of Weddings (’14-’19) Pronovias exclusive representative since 1994 and recipient of top retailer awards on several occasions

The Real Estate
Perfectly positioned Retail condo situated on the ground floor of Keystone Villas condominium tower. Great frontage and exposure to Coral Way surrounded by high-density commercial and residential properties. The location comes with 6 reserved surface parking spots and there is street parking along Coral Way available as well. Keystone villas is a 3-star apartment condo with GBA totaling 144,634 SF

Attached Documents


Detailed Information

Location:
Coral Gables, FL
Real Estate:
Owned
Not included in asking price
Building SF:
2,187
Employees:
9
Facilities:
A 2,187 SF Ground Floor Retail Space at the base of a condominium building renovated in 2008, the property contains significant frontage to one of Coral Gables' Most trafficked arteries, Coral Way. The property includes 6 reserved parking spaces. In addition to the Real Estate, the business' inventory, furniture, fixtures, and equipment will be part of the sale. The current Manager and supporting staff members are willing to REMAIN upon buyer's request. All of the current employees have great experience and knowledge of the business and it's day to day operations.
Competition:
Unique opportunity to acquire both a successful business and a prime real estate asset. Pro: The business and it's clientele date back 37 years. Pro: The real estate is in a prime location (1 block East of Coral Gables' core shopping boulevard, Miracle Mile) and will continue to appreciate in a market where very few retail condos are made available for sale. Pro: A buyer will have a significant advantage over their competition as owning the real estate is more affordable and has less of an impact on their occupancy cost, then renting for the prohibitive rental rate numbers currently existing in the surrounding area.
Growth & Expansion:
Great improvements can be made to the business' social media presence. The seller has been able to maintain great profitability and business growth through local advertising and "word of mouth" referrals, but a tremendous amount of market share can yet still be captured with LinkedIN
Support & Training:
The seller and her staff are dedicated to ensuring that the buyer achieves an in depth understanding of the day to day functions and responsibilities of operating this business
Reason for Selling:
Owner is retiring after 30+ years of operating this best in class business
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Myles Stepner

Business Listed By:
Myles Stepner

Avison Young

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