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High End Bridal & Formal Wear Store for sale in MN

Minnesota (MN)

Asking Price: Gross: Cash Flow:
$ 725,000 $ 1,378,391 $ 163,106

Furniture and Fixtures Value:
$ 52,000 (included in the asking price)

Business Summary:
This very successful ladies' high fashion, high volume store has been operating for almost 40 years providing high quality, full service and exclusive fashions from some of the best bridal & formal wear designers in the world. The store draws high end buyers from the surrounding five states. They have a very knowledgeable and long term staff to service their customer base. The company also participates in a number of trunk shows that show off the new fashions and increases their market image. EACH POTENTIAL BUYER WILL NEED TO BE APPROVED BY THE OWNER PRIOR TO ANY ADDITIONAL INFORMATION BEING PROVIDED.

 

   
Year Business was Established: 1981
   
Number of Employees: 4 FT / 13 PT  
   
Facilities / Terms of Lease: The store leases space in a mall which was just remodeled in the last year. The store is totally new on the inside as well. The space has always been well maintained and their high end customer base is very comfortable in this stylish settings. The store is in the third year of a seven year lease with a five year extension available to the tenant. There is plenty of parking available.  
   
Potential Growth/Expansion: Additional business could occur through the addition of more regional wedding shows along with expanding the advertising / marketing effort.  
   
Competition: There are other competitors for high end bridal and prom apparel, but few stores in this market can match the designs and the designer labels that this store offers.  
   
Owner willing to train: Will train for 4 weeks @ no cost  
   
Reason for selling: The owner wishes to retire.  
   
Seller Reference Number: 5102-14959
BusinessMart.com Listing Number: 241740
 

 

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For more info contact:

Craig Sanford

Murphy Business & Financial Services
727-725-7090

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