REDUCED - Established Bridal and Tux Business

TN

REDUCED - Established Bridal and Tux Business
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Asking Price: $49,000

Cash Flow: N/A

Gross Revenue: $112,432

EBITDA: N/A

FF&E: N/A

Inventory: $80,000

Rent: $2,075 /Month

Established: 2004

REDUCED - Established Bridal and Tux Business

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Business Description

The average wedding cost in the US is $25,200*. The bride’s wedding dress continues to be the central focus and pinnacle moment of the Big Day.

This bridal and tux store is located in the Knoxville area and has been established for over 15 years with the surrounding counties. Store is authorized dealer for three widely recognized designers in the industry and carries other brands as well to provide great options for a wide customer base. Business had gross revenues of $112K in 2017. One third of total sales came from prom season and tux rentals via a limited marketing budget. Good online reviews. A motivated owner can take this business to a new level.

Price REDUCED - Motivated Owner!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Competition:
There is one other competitor within a 25-mile range serving an immediate 125,000 population, but market is inclusive of four surrounding counties: Knox, Sevier, Loudon and Monroe counties.
Growth & Expansion:
Growth opportunity is to attend more wedding shows in Southeast; carry plus size dresses; develop a more comprehensive marketing program with a stronger social media presence; add VIP showings and expand store hours.
Support & Training:
Mutual Agreeable Time
Reason for Selling:
Other Interests
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Doug Kose

Business Listed By:
Doug Kose

Transworld Business Advisors of Knoxville

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