Destination Bridal Salon - Brides, Bridesmaids

New York, NY
New York County


Asking Price: Annual Revenue:
$4,000,000 $6,811,000

Retail: Clothing & Accessories


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RE: Destination Bridal Salon - Brides, Bridesmaids Broker: Bob Dunphy

Quick Facts

Asking Price: $4,000,000
Annual Revenue: $6,811,000
Net Profit: Not Disclosed
Cash Flow: $1,008,744
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1953
Employees: 49
BBN Listing #: 766135879
Broker Reference #: 6842-83919

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Business Overview:

This one-of-a-kind destination bridal store has everything to make a wedding special: bridal gowns, bridesmaid and mother-of-the-bride dresses, accessories and more. With more than 30,000 square feet of designer fashions, there truly is something for everyone and at prices that cannot be beat. This store has been making brides happy for more than 30 years and the owners are ready for a new generation to take it to the next level. Not only do they feature great values, their personal service cannot be beat. They ship across the USA and around the world and their expert, on-premises seamstresses and tailors make sure every gown and dress fits perfectly. To further expand its reach, brides who can’t get to the store, can also shop online at the store’s vibrant, interactive e-business, website featuring thousands of famous name gowns/dresses for brides, bridesmaids, mothers-of- the-bride and flower girls, plus a large selection of dresses for proms and Quinceañeras.

Hours: Monday-Friday 11:00am-7:00pm, Saturday 9:30am-3:30pm, Sunday 11:00am-3:00pm

Lease: Six years remain on ten-year lease plus renewal options. Base rent $115,259/month plus $3,500/month real estate taxes. 30,000+ square feet.

The Transaction: The deal structure will be an asset sale. The reason for the sale is the sellers’ desire to retire. Owner will train for four weeks at no charge. Offered at $4,000,000.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retiring

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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