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Bridal Shop - One Of Orange County's Finest
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1000000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 10 - 19
Relocatable Yes
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale Retiring.
Description Bridal Shop, One of Orange County's Finest Bridal Boutiques! Business located in Orange County, California.
Financials (glossary of terms).
Asking: $595,000.
Gross Sales: $1,000,000, and as high as $1.35 Million.
Cash Flow: $100,000.
FF&E: $150,000 (included in the asking price).
Inventory: $450,000 ( depreciated value, and included in the asking price).
Business Summary:
Full Service Bridal and Formal wear Botique, Located in an upscale area that pulls from a regional clientele that come as far as San Diego, Riverside, San Bernandino and Los Angeles Counties because it is a Market Leader in the Bridal Industry. Over $1.5 Million in Retail inventory, and approximately $1M in annual sales averaged over the last 3 years, this business is being sold for its wholesale inventory value, fixtures and furniture because owner wants to retire.
Facilities: $1.5 Million Retail Inventory, 1,500 Bridal gowns and hundreds of special occasion dresses. New Lease to be negotiated. Best Location, located in upperscale neighborhood and very high traffic counts and great visibility. 7,500SF Building has Great Identity with Monument image. Convenient Freeway Access. Across from Large REGIONAL Mall.
Competition: North Orange County's Largest Bridal center. Debtfree business. Owner wants to retire, and therefore, selling property for total assets.
Growth/Expansion: Seller had business in escrow and was tied up for over 1 year. In the meantime, seller has closed down from previous 7 days a week to only 5 days a week, and she only goes in twice a week. Seller cut back advertising and new product lines substantially. Annual retail sales were as high as the mid $1.3 Millions. Incorporate affiliated bridal services and add to the bottom line. Needs a little TLC, but turn this business around and generate a nice return on your investment!
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