Business Summary:
A well-established and profitable bridal salon is available for sale! This is a fantastic opportunity for an owner with experience in the bridal industry or an eye for fashion to enter into a profitable and recession-proof business! The business has enjoyed a long-standing positive reputation in the area, leading to a high number of referrals. 2008 sales were $311,500 and the seller’s estimated discretionary income was approximately $92,000.
The business sells gowns and dresses for brides, bridesmaids, mother-of-the-brides and flower girls. They also sell accessories such as shoes, jewelry, headpieces and veils.
The location is $3,270 square feet with a large parking lot outside. The spacious and airy location includes several dressing rooms, as well as storage rooms and plenty of space to display dresses. There is a favorable lease in place and the owners recently renegotiated to pay less rent.
BayState Business Brokers http://www.mabusinessbrokers.com
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| Year
Business was Established: 1983 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
Facilities: 3,270 square feet of space with multiple dressing rooms, a storage room, tailoring area and bathroom.
Lease: Rent is $4,000 per month plus NNN. The landlord will negotiate a new lease with the buyer. |
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| Potential
Growth/Expansion:
A new owner can increase the amount spent on marketing and advertising to include ads on theknot.com and in local and regional bridal magazines. They could also be involved in local bridal shows and expos to gain additional exposure for the business.
The business could also expand to include tuxedos, special occasion dresses and lingerie. If an owner had experience in event planning and/or the bridal industry, they could create a “one-stop shop” for brides and do event planning, invitations, etc from the location. A new owner may choose to rent space or allow for an event planner to be on site to assist brides. |
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| Competition:
Very little in the area |
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| Owner
willing to finance:
Sellers will finance 50% of the sale price |
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| Owner
willing to train:
Yes |
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| Reason for selling:
Different career aspirations |
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Seller Reference Number: 1214
BusinessMart.com Listing Number: 63266 |
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