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Quick Facts
Asking Price: | $343,850 | |
Annual Revenue: | $400,079 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $74,994 | |
Total Debt: | Not Disclosed | |
FF&E: | 80,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2018 | |
Employees: | 2 | |
BBN Listing #: | 50464518 | |
Broker Reference #: | 161063-405275 |
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Business Overview:
This business is ready for the next bridal visionary who is ready to take a turnkey opportunity and make it their own. This opportunity can be operated as an owner operator or semi-absentee. This business boasts a high profit margin, is easy to operate, is among celebrity favorites, and has a strong social media following.
A luxurious and intimate bridal salon, this business is situated within one of Chicago's most popular and heavily commerce focused neighborhoods in the city. Once you step inside you will notice the high quality build out and shimmering environment that makes this a bridal dreamland. The owner has built this bridal salon into a well established local business with both national and worldwide recognition.
This is a rare opportunity to enter the bridal market under a licensing agreement with a well established location and nationally recognized brand!
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.
Property Features and Assets:
Monthly Rent: $7,000.00 Square Units (Foot, Meter): 2,650 Lease Expiration Date: May 31, 2027, 10:00:00 PM Terms Options: (2) 5 Year Options Facilities:Full ground floor showroom with a finished basement for additional storage.
Market Competition and Expansion:
Unlike many competitors, this business has a unique customization offering and low inventory model. This business also boasts intimate bridal suites where brides and their guests can relax and enjoy the variety of high quality gowns that this business has to offer. Lastly, this business enjoys a high profit margin on the dresses they carry.
Reason for Selling:
Retirement
Additional Details:
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