Profitable NYC Bridal Shop - Semi Absentee Owner-Seller Financing

New York County, NY

Seller Financing Available
Profitable NYC Bridal Shop - Semi Absentee Owner-Seller Financing
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Asking Price: $475,000

Cash Flow: $246,670

Gross Revenue: $1,200,440

EBITDA: N/A

FF&E: $100,000

Inventory: $140,063

Rent: $6,687 /Month

Established: 2008

Profitable NYC Bridal Shop - Semi Absentee Owner-Seller Financing

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Business Description

Everyone loves a wedding! And this retail store located in Manhattan loves to make sure the bridesmaids are as stylish and beautiful as the bride. They have the largest collection of bridesmaid dresses from the world’s leading designers in their showrooms. With hundreds of dresses to choose from, they cover every fashion trend and their personal stylists can guide customers to just the right choice. Whether the wedding is in a grand ballroom or a hoedown on the family farm, they have bridal parties covered because they recognize that every bride has her own vision and each bridesmaid is unique. The showroom is designed to be a comfortable, inviting space where brides and your wedding parties can relax, have fun, and play dress up. And they ship dresses anywhere in the continental United States.

This business is operated on a semi-absentee basis with the owner handling back office operations remotely. Management and staff are in place and ready for a new owner to unlock the growth potential.

Hours: Mon-Fri 11am-7pm, Sat 10am-6pm, Sun 11am-6pm (Summer: Closed Sundays)

Lease: Four years remain on lease. Base rent $6,687/month. 1,200 square feet.

The Transaction: The deal structure will be an asset sale. The reason for the sale is the sellers’ desire to focus on other business interests. Owner will train for two weeks at no charge.
Offered at $525,000.

Detailed Information

Location:
New York County, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Expanding the NY territory to other boroughs, especially Brooklyn and Staten Island.
Financing:
75000.00
Support & Training:
2 weeks
Reason for Selling:
other interests
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Bob Dunphy

Business Listed By:
Bob Dunphy

Transworld Business Advisors of NY

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Sponsoring Broker:
Transworld Business Advisors

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