Opportunity to Own a Destination Bridal Store

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$888,888 $5,856,272

Retail: Clothing & Accessories


Request More Information
Contact the Seller

RE: Opportunity to Own a Destination Bridal Store Broker: Bob Dunphy

Quick Facts

Asking Price: $888,888
Annual Revenue: $5,856,272
Net Profit: Not Disclosed
Cash Flow: $547,639
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1953
Employees: 47
BBN Listing #: 386435879
Broker Reference #: 6842-83919

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

This is a once in a generation opportunity to take one of New York's top bridal stores to the next level. Covid-19 created a backlog of weddings and now the bridal industry is projecting sales in the next few years to be among their best in decade. Take advantage and profit from of the owner's desire to retire.

This is not a bridal “boutique” or bridal “store,” this is 30,000 square feet of bridal DESTINATION with a decades-long reputation for quality, value and service, featuring every style imaginable from contemporary to traditional, and at prices to fit every budget. Brides come from all over the Tri-State region and beyond for a one-stop shopping experience featuring famous name gowns and dresses for brides, bridesmaids, mothers-of- the-bride and flower girls and more.
.
At a time when smaller bridal stores in in the Tri-State region are closing for good, they are poised for a strong comeback from in-store and online sales as well alterations and accessories. Growth opportunities include building out the ecommerce platform and adding services for planning, tuxedos, limousine rentals, honeymoons, entertainment and more.

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

Lease: Three years left on 10-year lease, plus renewal. Rent $64,068.88/mo, plus real estate taxes. 30,000sf.

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 $888,888.88 (plus inventory).

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!