Established Business for Sale

Valdosta, GA (Lowndes County) (Relocatable)

Seller Financing Available
Formal Wear side
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Asking Price: $285,000

Cash Flow: $238,000

Gross Revenue: $538,000

EBITDA: N/A

FF&E: $25,000

Inventory: $895,000

Real Estate: N/A

Established: 2016

Established Business for Sale

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Business Description

Bridal and Formal Wear Store

Established Bridal and Formal wear store in the HEART of Valdosta, Georgia with an established customer base and a well stocked, off the rack sales inventory of over $900K . This includes, bridal, prom, homecoming, pageant, shoes and jewelry stock, just to name a few. Established website will go with the sale and owner will finance for up to one year with down payment. Owner will stay for training of new owner for 90 days, if needed. THIS is a ONCE in a LIFETIME offer for anyone that has the desire to be in this industry. Owner is having to retire due to medical issues.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
2,800
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility is rented, but ONE YEAR free rent is being offered with the FULL offer of business purchase. This will include ALL facilities, electric, internet access, water, sewer services and parking. Assets include all inventory, racks, display cabinets, computer, credit card processing machine, security system, phone number, web domain name. MUST be activated in new owners name, but all equipment will remain.
Competition:
Only one other bridal store in the area that is considered competition, and NO other Prom competitor within 30 miles of our location. We have maintained a Google score of 4.8 and Facebook 4.8 score for all of the 3 years we have been in business.
Growth & Expansion:
This business is VERY expandable to an internet based company and has a HUGE potential to expand into several surrounding counties.
Financing:
Must pay $85,000 down and monthly payments to be paid over 3 years
Support & Training:
Owner will remain on site for training and FREE help for up to 90 days.
Reason for Selling:
Owner has medical issues requiring the sale
Business Website:
http://elainesformals.com
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Business Listed By:
Beverly Maluda

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