Tupelo Data Room
Clothing & Accessory Stores
Active

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

Raleigh, Wake County, North Carolina, United States
listing image
Asking Price$650k
Revenue$1.12m
EBITDA-
Cash Flow$200k
Description
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]
Real Estate
Rent is $6,800 per month
Furniture Fixtures & Equipment
$10k
Inventory
$240kIncluded in Asking Price
Business is
Absentee Owner
Number of EmployeesFull-Time: 4Part-Time: 1
Year Established
1996
Reason Selling
Retirement
Facilities & Assets
3000 sq ft bridal facility and 1200 sq ft popup prom facility.
Support & Training
Seller will negotiate a transition period
Market & Competition
Strong, largest national competitor in the market filed bankruptcy last year to restructure.
Growth Opportunities
Prom is one of the largest sellers, continue marketing in this area. Push to be on high end event venue preferred lists.
Financing Options
Seller financing is available.Seller note will be considered for highly qualified buyer
Asking Price$650k