Successful Custom Dresses and Gowns Store 30 Years Established

Bergen County, NJ

Seller Financing Available
Store Front
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Asking Price: $650,000

Cash Flow: $100,650

Gross Revenue: $307,000

EBITDA: N/A

FF&E: N/A

Inventory: $200,000

Real Estate: N/A

Established: 1989

Successful Custom Dresses and Gowns Store 30 Years Established

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Business Description

This highly successful business was established 30 years ago by current owner, and has been in this location for the past 20 years. The reason for the business's success is due to its niche market in custom women's apparel (primarily non-bridal) and its returning and successful high-end clientele. Not only is the store located on a busy street with high foot traffic, but most of the customers travel from all over the tri-state area. The business also has a beautiful and professional website. Over the course of her years in business, the owner has created a comfortable lifestyle for herself and is now ready to retire.

Detailed Information

Location:
Bergen County, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
2,000
Employees:
5
Facilities:
The main store room is 1,500 sq. ft. and the tailoring area in the back is 500 sq. ft. There is a lot of street parking available, and while it is in a very busy area, there is always room to park in close walking distance. Additionally, there is a bus stop to New York City right outside the store.
Competition:
There is no other store in the area that focuses on custom women's apparel. There is one other local store that sells high-end women's clothes, but it has been around for a long time and has never affected business. This business is unique in the entire New York City area, and has very little competition in the entire tri-state region.
Growth & Expansion:
The main source of business is word of mouth and a little social media. A savvy marketer may find ways to bring in more business through advertising or by establishing a heavier presence on social media.
Support & Training:
The owner will provide as much support and training to the new owner as needed.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Ariel Herzog

Business Listed By:
Ariel Herzog

Herzog Acquisitions Group LLC

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