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Business for Sale Summary

High-End Bridal Boutique for Sale in NYC - 33930

Business Type: absentee business,apparel and accessory store,misc. retail/non-classifiable,seller financing available,wedding gowns/accessories
Owner Financing
High-End Bridal Boutique for Sale in NYC
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Financial Information (non-confidential)

General Information
Asking Price $650,000 Down Payment $375,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $500,000 Number of FT Employees Register Free to View

Financing

$375,000 Down and $275,000.00 at 6% over 24 months

Business Description

You now have the opportunity to acquire an established full-service Bridal Boutique, specializing in personal attention and committed to excellence. This business entered 2021 with an enormous backlog of orders, given the damper the pandemic put on weddings last year. Revenues are expected to ramp up dramatically starting the second half of this year. Assuming a return to some normalcy, the seller is projecting that revenues and cash flow will minimally come in at $1.5M and $500K, respectively. Those numbers can easily be exceeded. The seller is asking just $650K with $375K down and $275K in seller financing. Approximately $250K of inventory is included in that ask. The inventory is predominantly comprised of samples. However, about $20-30k of samples are sold and replaced by new samples every year. This salon gives a bride-to-be the perfect intimate setting to search for her gown. The experienced and dedicated bridal stylists collaborate closely with her, providing a knowledgeable footing to make what she has in mind a reality. In addition to the boutique's beautiful collection of gowns in various fabrics, silhouettes, and styles from the greatest names in bridal design, it also has an extensive selection of accessories to add the finishing touches to her bridal wardrobe. The majority of the made to order gowns fall within the $1800-$5,500 range. Salon visits are made by appointment only, Walk-ins are not accepted. Kindly email the listing broker, Jay Goldman, to make an appointment to speak with the owner, in order to get a full tour of the 2,200 square foot facilities. Mr. Goldman can be reached at jaygoldman@vestedbb.com. If you are new to Vested Business Brokers, please become a free registered buyer under listing 33930 at www.vestedbb.com. To obtain its address, kindly upgrade to premium membership on our website.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.