Business For Sale

Price Reduced! Dress Rental!

Not Disclosed, UT

Asking Price: Annual Revenue:
$225,000 $203,179

Retail: Clothing & Accessories

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RE: Price Reduced! Dress Rental! Broker: Marvin Slovacek

Quick Facts

Asking Price: $225,000
Annual Revenue: $203,179
Net Profit: Not Disclosed
Cash Flow: $75,497
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 5
BBN Listing #: 9924955
Broker Reference #: 7401-13951

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Business Overview:

Motivated Seller! This Wasatch Front based business is a very successful and rapidly growing rental business. It focuses primarily on the rental of dresses for dances and special occasions. They have a vast inventory of in-demand and stylish dresses, an excellent location in an attractive stand-alone building and outstanding employees who are experienced in dealing with customers and the day-to-day business operations. The need for owner direct involvement is limited.

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Property Features and Assets:

The business is located in 3,600 square feet of leased space fronting on a major thoroughfare. It is attractively built out with 12 dressing rooms and adequate space to house and show off the large inventory of dresses. Assets: $110,000

Market Competition and Expansion:

Rental of dresses is a huge trend for monetary as well as style reasons. The rental of a "prom dress" can cost as little as 25% of the cost to buy a similar dress and a different dress can be rented for the next event. There are places that do dress rentals but these are not as well located demographically speaking and do not have the same inventory base or name recognition. The demographics in Utah are ideal for this business. The population in Utah is one of the fastest growing in the country; and the average age of Utahan's is much lower than the national average due to the large families that are common in the area. In addition, there are a variety of potential add-on businesses that could be integrated (accessories to match the dresses, geographical expansion, etc.)

Reason for Selling:

Selling due to job related relocation.

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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