Profitable NYC Bridal Shop - Semi Absentee

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$475,000 $1,200,440

Retail: Clothing & Accessories

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RE: Profitable NYC Bridal Shop - Semi Absentee Broker: Bob Dunphy
Owner Financing is Available!

Quick Facts

Asking Price: $475,000
Annual Revenue: $1,200,440
Net Profit: Not Disclosed
Cash Flow: $246,670
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 11
BBN Listing #: 615535879
Broker Reference #: 6842-877556

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Business Overview:

Everyone loves a wedding! And this retail store located in Manhattan loves to make sure the bridesmaids are as stylish and beautiful as the bride. They have the largest collection of bridesmaid dresses from the world’s leading designers in their showrooms. With hundreds of dresses to choose from, they cover every fashion trend and their personal stylists can guide customers to just the right choice. Whether the wedding is in a grand ballroom or a hoedown on the family farm, they have bridal parties covered because they recognize that every bride has her own vision and each bridesmaid is unique. The showroom is designed to be a comfortable, inviting space where brides and your wedding parties can relax, have fun, and play dress up. And they ship dresses anywhere in the continental United States.

This business is operated on a semi-absentee basis with the owner handling back office operations remotely. Management and staff are in place and ready for a new owner to unlock the growth potential.

Hours: Mon-Fri 11am-7pm, Sat 10am-6pm, Sun 11am-6pm (Summer: Closed Sundays)

Lease: Four years remain on lease. Base rent $6,687/month. 1,200 square feet.

The Transaction: The deal structure will be an asset sale. The reason for the sale is the sellers’ desire to focus on other business interests. Owner will train for two weeks at no charge.
Offered at $525,000.

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.

Market Competition and Expansion:

Expanding the NY territory to other boroughs, especially Brooklyn and Staten Island.

Reason for Selling:

Other interests.

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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