REDUCED PRICE: Turnkey Formalwear & Bridal Shop Business
Business Description
This well-established Bridal Shop and Formal Wear store is a great opportunity for a strategic buyer looking for a turnkey business. With over 50 years of continuous business, this bridal shop shows a lot of potential to be immediately cash flow positive with multiple avenues for future growth and expansion.
Key Points:
- Over 50 years in business, with the current owner part of it for over 25 years
- Solid reputation through generations of customers
- Prominent location in thriving downtown drawing from the surrounding area
- Long-standing relationships with suppliers
- Reasonable Seller expectations for the purchase price and transaction terms
Financial Summary:
- Offering Price: $95,000
- Revenue 2024 (Profit & Loss): $455,700
- Adjusted Cash Flow 2024 (Profit & Loss): $94,500
- Facilities: Leased
Key Points:
- Over 50 years in business, with the current owner part of it for over 25 years
- Solid reputation through generations of customers
- Prominent location in thriving downtown drawing from the surrounding area
- Long-standing relationships with suppliers
- Reasonable Seller expectations for the purchase price and transaction terms
Financial Summary:
- Offering Price: $95,000
- Revenue 2024 (Profit & Loss): $455,700
- Adjusted Cash Flow 2024 (Profit & Loss): $94,500
- Facilities: Leased
About the Business
- Years in Operation
- 54
- Number of Employees
- 4
- Facilities & Assets
- Facility is leased. Retail space is street level with display windows, approx. 2500sf with basement storage of approx. 2500sf.
- Market Outlook / Competition
- With only 7,446 Bridal Shop locations, there is plenty of room for growth in this industry with minimal competition. With declining marriage rates, there is a -1% projected growth rate in that Bridal Shop industry. Current revenue is at $2.8 billion, and profit is at $159 million.
- Opportunities for Growth
- The use of social media and e-commerce can help to grow this business. Also, with emerging trends in wedding dress styles and destination weddings that affect bridal wear, more variety in bridal and formal wear will set this established business apart from other retailers.
About the Sale
- Seller Motivation
- Owner is selling to move onto a new chapter in life.
- Transition Support
- Seller is willing to assist to ensure a seamless transition to new ownership.
- Financing Options
- Negotiable.
Listing Info
- ID
- 2375934
- Listing Views
- 320
Attached DocumentsAttachment Disclaimer
Listing ID: 2375934 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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