Seller's Contact Information
- RE: Top Bridal Shop In Bay Area For Sale
- Contact: Michael Floorman
- License #: 01160661
Quick Facts
Asking Price: | $1,150,000 | |
Annual Revenue: | $2,047,848 | |
Net Profit: | $482 | |
Cash Flow: | $482,769 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1985 | |
Employees: | 7 | |
BBN Listing #: | 4297931 | |
Broker Reference #: | 10781 |
Business Overview:
This bridal, prom & tuxedo shop has been established for decades under the same ownership. It’s located on a major thoroughfare of South Bay with great traffic exposure, large parking lot and easy access to Freeway. It’s one of the top bridal shops in Bay Area. The business has grossed $2MM and netted $500,000 before pandemic. Even with shut down during the pandemic, it still had very strong cash flow. The first few months of 2022 already indicated the annual revenue back to the track of $2MM . It has spacious display area, large dressing rooms and mirrored areas for viewing. SBA loan pre-approved. $500,000 inventory is included. The owners are selling to retire. Ref#10781
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Property Features and Assets:
The current lease will expire on 12/31/2024, Rent $12,548, NNN $6,130, 6,070 square feet. Hours Monday, Thursday, Friday and Saturday, Sunday from 10 am to 6pm, Tuesday, Wednesday from 12 pm to 8 pm.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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