Profitable Bridal shop- Financing available

East Dundee, IL (Kane County)

Seller Financing Available
Profitable Bridal shop- Financing available
Contact Seller

Asking Price: $134,500

Cash Flow: $45,000

Gross Revenue: $325,000

EBITDA: N/A

FF&E: $20,000

Inventory: $170,000

Rent: $2,100 /Month

Established: 2005

Profitable Bridal shop- Financing available

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Business Description

Profitable Bridal Shop!

This Bridal shop is located on a very busy street, 35,000 cars a day, features a huge window display of gowns and dresses. Year after year this is one of the busiest bridal shops in all of Chicago and offers an enormous selection of dresses with over 600 on display. It’s largest competitor just went out of business last fall, as well as David’s Bridal closed 7 local stores and sales here are increasing month after month. This bridal shop has a very strong online sales and marketing strategy which is included in the purchase. This business has proven to be recession proof and is currently selling below inventory price!

Attached Documents


Detailed Information

Location:
East Dundee, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
12/31/2021
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
It has a reception area, two large show rooms of dresses and gowns, large sitting area with 2 dressing rooms, lay away area, seamstress room and lots of storage space for the extensive selection of dresses and gowns.
Competition:
Long established bridal shop in the Chicago area with many repeat customers. David's Bridal with 7 locations are now closed, additionally its main competitor Shelly's Bridal has closed as well.
Growth & Expansion:
Sales have been growing year after year 3+ years running. There is plenty of room to add additional dressing rooms/area to accommodate more groups at the same time. HUGE Growth with 8 Chicagoland bridal shops closed!!!
Financing:
Up to 50% based on down payment and credit approval
Support & Training:
Seller will train 80 hours, seller is willing to assist on going.
Reason for Selling:
Planning to relocate outside of Illinois.
Contact Seller

Contact the Seller

(from currently available funds)
 
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Mr. Tracy A. Burnidge

Business Listed By:
Mr. Tracy A Burnidge

Turnkey Business Brokers, Inc.

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