Bridal & Formal Wear Retailer, with $320K Inven...

Raleigh, NC
Wake County


Asking Price: Annual Revenue:
$995,000 $1,115,418

Miscellaneous: Non-classifiable


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RE: Bridal & Formal Wear Retailer, with $320K Inven... Broker: Shanon Madrid
Owner Financing is Available!

Quick Facts

Asking Price: $995,000
Annual Revenue: $1,115,418
Net Profit: Not Disclosed
Cash Flow: $402,636
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1996
Employees: 3
BBN Listing #: 865864231
Broker Reference #: DURHANC001-52081

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Business Overview:

Offering the most up to date stock in bridal wear this business has earned an incredible name recognition in the industry, the community and beyond. This business has not only provided thousands of brides, bridesmaids, and mothers of the brides? excellent choices and quality gowns and attire throughout the years, but also offers formalwear to grooms and groomsmen and for special occasions and proms. A tremendous inventory of designs from popular designers are available in stock to meet a wide variety of tastes and styles. The business offers these wedding gowns, bridesmaid and in 2019 they also diversified and brought in a line of Prom Gowns for purchase as well as designer tuxedos and suits for rent or purchase. The business also provides performance apparel to high schools (bands, choirs, etc.) as well as uniform sales to local country clubs & catering companies. There two strong managers in place for the Bridal as well as the prom business. Owner currently is working 15 hours a week. Sale Price includes $320,000 of Inventory. This is a fantastic opportunity to own a long standing profitable and stable business with an exceptional brand to build from and grow with new energy. For more information contact Shanon Madrid at 919-858-6853 ext 101 or smadrid@sunbeltnetwork.com

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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