Niche Midwest Women's Pageant, Prom, Formal Attire

Not Disclosed, SD

Sioux Falls, SD Area

Asking Price: Annual Revenue:
$395,000 $414,162

Retail: Clothing & Accessories

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RE: Niche Midwest Women's Pageant, Prom, Formal Attire Broker: Bryan Mulder

Quick Facts

Asking Price: $395,000
Annual Revenue: $414,162
Net Profit: Not Disclosed
Cash Flow: $93,344
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 3
BBN Listing #: 82524955
Broker Reference #: 5401-17015

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Business Overview:

2022 sales are way up over a two year Covid slump! This business has been built from the ground up. This business offers designer formal attire for most all occasions a woman could dream of. The most current styles/designs available are always offered. This business has helped thousands of satisfied clients by tapping the business's exclusive rights to elite vendors. Each client can look and feel their very best for their special day and/or event.

This business prides itself in being a family owned/run business providing only the highest levels of professionalism possible. Everything is in place for the right person to grow this business many fold. This business has also been utilizing e-commerce and social media selling.

For the past two years this business basically operated "by appointment" only. Hence, the lower sales volume reported. In comparing same sales prior year to current year 2021 vs. 2022 (Jan. - mid Apr.) 2021 sales are $81,900 and 2022 is already at $232,786.

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Property Features and Assets:

This business operates out of a commercial retail space that is adequate for current and future demands. Assets = $241,287

Market Competition and Expansion:

There is minimal competition in the market place. This business has been established for a very long time and certainly has a "head-start" on the competition. The potential for growth is incredible in this industry. This business' online presence and sales can be built in a very big way. The tools to do this are now available and will be shared with the right buyer. Adding Bridal and even Tux rentals could be easy and logical add-on sales.

Reason for Selling:

The owners would like to retire.

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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