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Asking Price$500,000
Revenue$950,000 Established2001
Cash Flow$139,400 EmployeesUndisclosed
FF&E$100,000* FranchiseNo
Inventory$150,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Bridal and evening wear boutique with established client base and knowledgable staff. Get local and international clients all traveling to Manhattan for NY bridal experience. Store features local and international designers. Clients pay with cash and credit cards. Fun events weekly and exposure to NY magazines and television and film networks. Lease is for entire floor of building and includes two paying subtenants. Price includes industry name, and all furniture and inventory. Lease is for 5,000 square feet in heart of Manhattan.
Facilities:5.000 square foot loft in Manhattan. Whole floor of building. Incuding retail selling floor, 4 changing rooms, office, storage area and seamstress room. Also incudes 2 additional offices rented by subtenants. kitchen area and 2 bathrooms.
Competition:several bridal boutiques in Manhattan. But seller has a large base of existing and former clients, wedding planners and magazines that refer clients. Population of New York over 10 million and huge foreign population flying in weekly to find "Manhattan" bridal gown. Potential is huge for this industry and huge number of clients.Store is busy year round.
Growth Potential:Unlimited. Seller spends small fraction of revenues on advertizing and grosses nearly one million in sales. With small expenditure in advertizing sales could easily double or triple.
Training/Support:Seller will work with Buyer through the transition period. Staff is already fully trained and knowledgable. This is a turn key operation with an already existing base of clients.
Sale Reason:Might be relocating and needs some investment of capital to make business truly profitable.
Ad #46088
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Eliz Gabre
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