Profitable Bridal Boutique for Sale

Washington, DC (District of Columbia County)

Profitable Bridal Boutique for Sale
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Asking Price: $509,000

Cash Flow: $30,000

Gross Revenue: $655,000

EBITDA: N/A

FF&E: N/A

Inventory: $50,000

Rent: $4,446 /Month

Established: 2010

Profitable Bridal Boutique for Sale

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Business Description

This profitable bridal boutique is part of a network of 50+ franchises locations situated across the broader US. Unique in its concept, as it is the only brick and mortar retailer specializing in bridesmaid couture, the brand has carved a niche for itself in the highly competitive wedding industry. Given the name recognition and the investment in branding, marketing and networking that has been done across the last 9 years, ownership of this franchise comes with the opportunithy to generate revenue immediately after purchase. The Franchise offers a network of 50+ owners, with whom a new owner would be able to depend on for support and guidance not only in the first few months of ownership but throughout the tenure of their ownership. This franchise was listed in the Fast 500 in recent years and continues to grow its influence in the industry.

Detailed Information

Location:
Washington, DC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
5/1/2020
Employees:
5
Facilities:
Location is located inside a leased space in a commercial-use building in the affluent Chevy Chase neighborhood. Assets include all furniture (light fixtures, sofas, tables, retail racks and shelving), hardware (computers and printers), software (franchise-specific digital showroom and bridal-specific crm tool) as well as all sample dresses in the inventory. New owner will be ready to operate the business without the purchase of additional inventory upon purchase.
Competition:
This franchise/showroom concept is the only bridal retailer specializing solely in bridesmaid dresses. Other vendors focus on bridal with a small inventory of bridesmaid dresses, so this brick and mortar opportunity is an anomaly. The greatest competition can be found among online retailers and vendors, but the designers carried at this particular showroom offer products that allow this showroom to remain competitive.
Growth & Expansion:
The purchase of this location not only includes this particular brick and mortar location but also surrounding terrirotyr, extending down to Fredricksburg, VA and up to Gaithersburg, MD. The expansion opportunities could include satellite stores to provide greater access to the community. Growth will really come in the form of developing community partnerships and relationships to continue building the brand and representing the highly unique model/concept.
Support & Training:
Current owner will provide one month of extensive training to onboard new owner. The Franchise also provides training with one month of purchase.
Reason for Selling:
Relocating
Franchise:
This business is an established franchise
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Business Listed By:
Cheryl Trice

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