Timeless Bridal Boutique with Over $1MM in Sales

Avon, CT (Hartford County)

Seller Financing Available
Timeless Bridal Boutique with Over $1MM in Sales
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Asking Price: $436,000

Cash Flow: $145,451

Gross Revenue: $1,091,634

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Established: 2004

Timeless Bridal Boutique with Over $1MM in Sales

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Business Description

Creating a memorable shopping experience for brides, this Connecticut boutique offers timeless style for the refined bride. The selection of designer offerings includes wedding gowns (72%), bridesmaid dresses (6%), as well as veils (4%), shoes and accessories (8%). Additional ancillary services are offered to create a truly full-service experience. This boutique is very well regarded in the region, with brides coming from the surrounding areas such as New York and Massachusetts. Social media reviews are exceptional and engagement on multiple platforms has been endearing for brides and impactful on revenues. Average inventory is $300,000 and includes all sample merchandise. All orders are paid up front, reducing the need to bill customers and reducing financial risk. The owner drives the vision and experience at the store and oversees the marketing and financial tasks. This is a part-time focus and the role could be replaced by an on-site or off-site owner.

One great feature of the company is the effective sales team. The boutique is overseen by a store manager who expertly tends the day-to-day operations while stylists help customers select the gown of their dreams. The full-service shop allows for luxurious privacy in selecting and fitting gowns in addition to storage and workspaces. The 2,500 square feet is a dreamscape, exquisitely furnished featuring large fitting rooms and plenty of space for friends and family. Though earning over $1,000,000 annually for the past ten years, further growth can be found in expanding dresses for women with curves and seeking inventive methods for liquidating inventory.

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Detailed Information

Location:
Avon, CT
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2,500 sq. ft.: Boutique with fitting rooms, storage, kitchenette
Growth & Expansion:
Expand curvy options, explore new ways to liquidate inventory
Financing:
10%
Support & Training:
90 days
Reason for Selling:
Non-competing new ventures
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Cortney Sells

Business Listed By:
Cortney Sells

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