Bridal Shop in Upscale Downtown Location
Oakland County, MI
| Asking Price: | $150,000 |
| Gross Revenue: | $300,000 |
| Established Year: | 1998 |
| Cash Flow: | $50,000 |
| Inventory: | $100,000 |
Listing ID: 2149532Listing provided by BizBuySell
BUSINESS DESCRIPTION
The current owner has run this beautiful boutique bridal salon since 1998 and has been at this location since 2011. Besides 2020, revenue has consistently been over $300,000 . This business is ideal for an owner-operator of an existing bridal business or alterations service. It can be maintained at the current location or relocated. The store is open 33 hours per week and is closed two days per week. Please sign an NDA to receive more information including the business address.
The owner works full time in the business with one employee who has been there since 2019. The employee works about 20 hours per week and has been a bridal consultant & seamstress for the last twenty years, & lives in town.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
1
Facilities
Beautiful boutique in nice downtown location, lease expires end of 2023. Current rent is $3300 / month.
Competition
This boutique carries top designer dresses at reasonable prices relative to the others in town.
Growth & Expansion
A new owner can grow the alterations side of the business by hiring staff. Wedding dress alterations average $1000 per dress! While this boutique focuses on higher margin dresses, a new owner could expand into bridesmaids dresses, mom's dresses, prom attire, etc, as well as expand business hours.
Support & Training
2 weeks up to 20 hours per week
Reason for Selling
Retirement
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