Business Overview

Well established Bridal Boutique, located in the heart of town. Business includes inventory, with full staff in place and operates as an absentee owned business. This Boutique has all the latest trendy and elegant dresses a bride could want. To keep up with increased sales the owner is bringing in a private label this year. This business is pandemic proof!

Financial

  • Asking Price: $207,500
  • Cash Flow: $37,889
  • Gross Revenue: $182,209
  • EBITDA: N/A
  • FF&E: $25,093
  • Inventory: $130,000
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,890
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2890 sq feet of showroom, dressing room and stage.

Is Support & Training Included:

2 weeks

Purpose For Selling:

Owner has multiple businesses

Pros and Cons:

Nearest competition is 5 miles away.

Opportunities and Growth:

Private label is being introduced this year.

Additional Info

The venture was started in 2016, making the business 6 years old.
The deal shall include inventory valued at $130,000, which is included in the suggested price.

The business has 3 employees and is situated in a building with disclosed square footage of 2,890 sq ft.
The real estate is leased by the business for $2,408.33 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. However, the real reason vs the one they tell you might be 2 completely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competitors, current reduction in incomes, or an array of various other reasons. This is why it is extremely important that you not rely completely on a vendor's word, however instead, utilize the vendor's solution along with your overall due diligence. This will repaint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that earnings margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in new customers? Often times, businesses have repeat consumers, which form the core of their daily profits. Specific elements such as brand-new competition sprouting up around the area, road building and construction, and also employee turn over can impact repeat consumers and also adversely affect future revenues. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning client base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the regional typical household income effect future revenue prospects?