Bridal & Formal Wear Retailer, With $320K Inventory Included
Raleigh, NC Wake County
Asking Price:
$650,000
Annual Revenue:
$1,115,418
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- RE: Bridal & Formal Wear Retailer, With $320K Inventory Included
- Contact: Shanon Madrid
Owner Financing is Available!
Seller note will be considered for highly qualified buyer
Quick Facts
| Asking Price: | $650,000 | |
| Annual Revenue: | $1,115,418 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $200,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $10,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 4 | |
| BBN Listing #: | SB-52081 | |
| Broker Reference #: | DURHANC001-52081 |
Business Overview:
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 smadrid@sunbeltnetwork.comTo 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.
Property Features and Assets:
3000 sq ft bridal facility and 1200 sq ft popup prom facility.Market Competition and Expansion:
Strong, largest national competitor in the market filed bankruptcy last year to restructure.Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more North Carolina businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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