High End Wedding Gown & Bridal Shop

Not Disclosed, CT

Asking Price: Annual Revenue:
$440,000 $1,098,013

Retail: Clothing & Accessories

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RE: High End Wedding Gown & Bridal Shop Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $440,000 10% Buyer Down Payment: $44,000 10% Seller Financing: $44,000 80% Bank Loan: $352,000 A 10% down payment of $44,000 returns $97,463 in the first year after debt payments!

Quick Facts

Asking Price: $440,000
Annual Revenue: $1,098,013
Net Profit: Not Disclosed
Cash Flow: $207,078
Total Debt: Not Disclosed
FF&E: $375,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 8
BBN Listing #: 789934398
Broker Reference #: RTL005

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Business Overview:

Store manager oversees daily operations along with 8 stylists & coordinators! This business has a passive owner and well-trained employees including a store manager, stylists, coordinators, and assistants. The highly qualified team has created a memorable shopping experience for brides at this Connecticut boutique for over 15 years. The selection of designer offerings includes wedding gowns (72%), bridesmaid dresses (6%), as well as veils (4%), shoes and accessories (8%). Additional ancillary services are offered to create a truly full-service experience. This boutique is very well regarded in the region, being in business for over 15 years, with brides coming from the surrounding areas such as New York and Massachusetts. Social media reviews are exceptional and engagement on multiple platforms has been endearing for brides and impactful on revenues. All orders are paid up front, reducing the need to bill customers and reducing financial risk. The owner drives the vision and experience at the store and oversees the marketing and financial tasks. This is a part-time focus and the role could be replaced by an on-site or off-site owner. Included in the purchase is $375,000 worth of assets!

One great feature of the company is the effective sales team. The boutique is overseen by a store manager who expertly tends the day-to-day operations while stylists help customers select the gown of their dreams. The full-service shop allows for luxurious privacy in selecting and fitting gowns in addition to storage and workspaces. The 2,500 square feet is a dreamscape, exquisitely furnished featuring large fitting rooms and plenty of space for friends and family. Though earning over $1,000,000 annually for the past ten years, further growth can be found in expanding dresses for women with curves and seeking inventive methods for liquidating inventory.

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Property Features and Assets:

2,500 square feet: Boutique with fitting rooms, storage, kitchenette.

Market Competition and Expansion:

Expand curvy options, explore new ways to liquidate inventory

Reason for Selling:

Non-competing new ventures.

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.

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