Bridal Boutique, A Full Service Shop
Location:
United States
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Oklahoma
Industry: Retail > Wedding / Formal Rental
Business Summary
Opened in 2006 with a vision of providing impeccable service and a stunning selection of designer gowns. This full-service bridal shop for sale caters to the bride and her bridal party in a warm and comfortable atmosphere. Selecting that one-of-a-kind bridal gown is one of the most important decisions that brides will make when planning their dream wedding. The dedicated and experienced Bridal Consultants provide a vision of perfection that guides each bride to her ideal gown. The boutique proudly offers the finest selection of designer gowns at affordable prices, as well as a variety of bridesmaid and flower girl dresses. The product line also includes veils, headpieces, shoes, custom and designer jewelry lines, bridesmaid's gifts, other accessories and special services as needed.
Since opening, this boutique has been more successful than anticipated. Overall sales grew from $353,380 in 2007 to $496,710 in 2008. This represents a 40.6% of growth in only the second year of business. Additional growth can be accomplished with expansion within the complex, to extend product line and services or open a joint formal wear store. In its short history, the shop has established an excellent reputation and earned those all important ''word-of-mouth'' recommendations to friends and family.
Management cites two other large bridal shops in the metro area, but both lack the personal feel; also one smaller store with a crossover on one designer line. With so few bridal stores in the area, it is very likely some the Company's customers have visited other bridal shops, thereby creating direct competition. Our client's prices are comparable to the competition. Located in an upscale, first-class, lifestyle retail center; very elegant, brick and mortar complex with curb appeal and lots of character. 1,776 sq ft with store-front parking. 3 years remain on lease with additional 5-year option.
Financials
Asking Price Range: < $250K
Gross Revenues:
$496,710
Cash Flow:
$59,040
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed
About The Business
Year Established: 2006
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Owners will remain for a reasonable transition period.
Reason For Selling: To pursue other interests.
Click on the "I'm Interested" button above for more information on this Retail > Wedding / Formal Rental business for sale.
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Print Listing Id: 70097017
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