Established Bridal Shop

La Plata County, CO

Established Bridal Shop
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Asking Price: $77,000

Cash Flow: $40,000

Gross Revenue: $185,000

EBITDA: N/A

FF&E: $33,979

Inventory: $64,029

Rent: $2,346 /Month

Established: 1998

Established Bridal Shop

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Business Description

This is an established Bridal boutique in Durango Colorado. It has been in business for twenty years. We sell wedding gowns, bridesmaid dresses, flower girl and mother of the bride dresses. We also carry prom and formal wear dresses. We rent and sell tuxedos. The bridal room offers veils, jewelry, and bridal accessories for sale. We have recently added a budget gown section that is very popular with brides that normally would not buy.
We also offer alterations which have become very popular and is building clientele. Ninety percent of wedding gown and prom purchases need alterations and they choose to have our shop do them. We also get a large percentage of alterations from garments bought elsewhere.

Detailed Information

Location:
La Plata County, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
10/1/2019
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Only long term established shop in a fifty-mile radius. Excellent repeat customers.
Growth & Expansion:
The lease is up for renewal in October or if you want to move to a larger space, the new owners can bring in more merchandise. Customers are asking for off-the-rack men's formal wear; tuxedos, suits, vests ties and dress shoes. We sell for purchase by ordering from the vendor. Having stock on hand would have increased revenue. Customers also ask for bridal shoes, first communion and Quinceanera dress.
Support & Training:
negotiable
Reason for Selling:
Illness
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Business Listed By:
Jillian Block

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