Owner Financing is Available!
Business Overview:
Bridal Gown Boutique that grew 22% in 2010 over the previous year and on pace for 18% growth this year with over 13 years in business. This is a personal service business providing formal wear for weddings, proms, and quinceaneras. The products offered are sourced from long standing relationships with over a dozen vendor relationships featuring top designers. These vendor relationships take years to develop and owner will help with transfer. Additional services are preservation, accessories, and invitations.
This business is currently passively run due to family reasons and can either be acquired in the same manner (keep the manager on at $40K/yr) or an owner/operator could eliminate the manager and obtain the full cash flow ($89K/yr). Great opportunity for someone wanting a career in this industry or service related business. Seller is willing to finance a portion of the transaction depending on the credit worthiness of the Buyer and overall purchase price.
Asking price of $195,000 including inventory. Inventory averages around $100K over the year but ranges between $80K to $125K depending on the time of year. Owner willing to discount discontinued gowns. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Bob Howells at 210-348-8989 or info@BBofSA.com.
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:
3,350 square feet building.
Reason for Selling:
Family relocation
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.
Resources: