Bridal & Formal Wear Retailer, with $320K Inventory Included

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Retail Businesses for Sale

  • Primary Category: Clothing & Accessory Stores for Sale

Offering the most up to date stock in bridal wear this business has earned an incredible name recognition in the industry, the community and beyond. This business has not only provided thousands of brides, bridesmaids, and mothers of the brides’ excellent choices and quality gowns and attire throughout the years, but also offers formalwear to grooms and groomsmen and for special occasions and proms. A tremendous inventory of designs from popular designers are available in stock to meet a wide variety of tastes and styles.

The business offers these wedding gowns, bridesmaid and in 2019 they also diversified and brought in a line of Prom Gowns for purchase as well as designer tuxedos and suits for rent or purchase. The business also provides performance apparel to high schools (bands, choirs, etc.) as well as uniform sales to local country clubs & catering companies. There two strong managers in place for the Bridal as well as the prom business. Owner currently is working 15 hours a week.

Sale Price includes $240,000 of Inventory.

This is a fantastic opportunity to own a long standing profitable and stable business with an exceptional brand to build from and grow with new energy. For more information contact Shanon Madrid at 919-858-6853 ext 101 or [email protected]

Financial Information

  • $650,000 Asking Price
  • $200,000 Cash Flow
  • $1,115,418 Gross Revenue
  • $100,000 Down Payment
  • Yes Financing
  • On request Adjusted EBITDA

Business Location

  • City: Raleigh
  • State: North Carolina

Financing Comments

  • Seller note will be considered for highly qualified buyer

Reason for Sale

  • Retirement

Detailed information

  • Year Established: 1996
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: Yes
  • SBA Prequalified: Yes
  • Full-Time Employees: 4
  • Part-Time Employees: 1
  • Contractors: N/A
  • Owner Worked Hours/w: 15
  • Inventory Included: Yes
  • Inventory Value: $240,000
  • Monthly Rent: $6,800
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: N/A
  • FF&E Included?: Yes
  • FF&E Value: $10,000

Training/Support

  • Seller will negotiate a transition period

Facilities

  • 3000 sq ft bridal facility and 1200 sq ft popup prom facility.

Market Outlook/Competition

  • Strong, largest national competitor in the market filed bankruptcy last year to restructure.

Real Estate Description

  • Pop-up prom location, January thru May. Rent is charged for only 3 months.
Business Listed by
image of Shanon Madrid
Shanon Madrid
Sunbelt of Durham
Email Shanon
Show Phone Number
Listing ID
DURHANC001-52081
License Number
288621

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