Business Overview:
Location, location, location: Sevier County, TN - one of the top destination wedding sites in the USA. Retail bridal boutique offering wedding dress consultations, custom orders from selected designers, a large selection of off-the-rack designer dresses, such as Hera White and Betancy, at discount pricing, along with wedding accessories such as jewelry and veils. Services are currently offered by appointment only, with a beautiful space to comfortably accommodate two brides at once; giving brides the time and attention they deserve during this special time.
In the shop during the consultation appointment, brides may try on and purchase off-the-rack gowns or custom order through their own special-order collections. Custom orders typically range from $1,000 to $2,000. Alteration services are offered through outside services.
In addition to bridal gowns and accessories, this shop also offers Mother of the Bride, attendee, and prom gowns in various price ranges.
According to the Wedding Report online, the total number of weddings in the area for 2022 was over 12,000. The 2022 average cost of a wedding was around $20,000. Most weddings in the area are smaller since couples come from all over to be married here. Could be just the bride and groom, or close family and friends, or it could be a local wedding. But no matter how big or small, brides will surely be looking for beautiful wedding gowns for their special day.
Consider this a start-up that just got off the ground - ready for you to be in the driver's seat. Due to owner health issues, they have been operating by appointment only, working around 10 hours per week. The financials are a pro-forma example, not actual numbers, to show what's possible with this business if selling around 200 gowns per year. This business has excellent potential here in the Sevier County, Smoky Mountain area.
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Property Features and Assets:
Monthly Rent: $4,100.00
Square Units (Foot, Meter): 2,500
Facilities: Located in a high traffic area in a busy strip center
FF&E Overview: Lovely bridal shop furnishings including large mirrors, seating, desk, racks, and shelves typical for a bridal shop.
Market Competition and Expansion:
There appears to be only one other location in Sevier County offering wedding gowns. With 12 million plus visitors to the area, there is a need for several gown retailers. Only other options are Knoxville, which is about an hour away.
Increase advertising online via wedding sites, social media, and search. Consider trunk shows. Increase prices and promote more custom orders. Include an in-house alteration service. Add more products related to the wedding industry, catering to the local market.
Reason for Selling:
Health issues
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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