Business Overview:
This upscale and well known bridal and formal wear boutique is located in the heart of downtown Bellevue. The current owner has over $500,000 invested - more than $200,000 in advertising and promotion. Due to family circumstances the owner is forced to sell before reaping the benefits of their investment. The business opened in 2007 and has enjoyed a loyal and steady client base. It is well known for its dedication to service, quality, and reasonable prices. The variety and quality of the formal wear and bridal gowns along with the unique accessories make this business stand out over its competitors. There are currently two websites - www.labellereve (for the business) and www.endlessbridalboutique.com (for online discount sales). The inventory has a Wholesale value of $280,000 but the Seller is willing to sell it for $140,000. This business has an endless potential - the new buyer can expand the online sales division, rent the formal wear, wedding gowns, and accessories (current owner only sells them), and even start a consignment division for wedding gowns and formal wear. This is a turnkey business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This business has an outstanding location in the heart of downtown Bellevue. Over $300,000 went into the build out. There is the main floor show room, 3 fitting rooms, an office and a storage room. The base rent is $4,554 plus NNN charges of $1,050 per month. The lease runs until 1/31/2010 with 2 Five year options.
Market Competition and Expansion:
There are 2 other bridal boutiques in Bellevue. However, this one has established an outstanding reputation for quality, service, and affordable prices. The variety and quality of the formal wear and bridal gowns along with the unique accessories make this business stand out over its competitors.The business has had over $200,000 of advertising done for it by the current owner since it opened in 2007. The new owner will reap the benefits of the extensive promotion and public relations done by the current owner. This business has an endless potential - the new buyer can expand the online sales division, rent the formal wear, wedding gowns, and accessories (current owner only sells them), and even start a consignment division for wedding gowns and formal wear. This is a turnkey business.
Reason for Selling:
Family reasons require the Seller to sell ASAP
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.