Bridal Boutique In San Antonio Includes Inventory For Sale

Business description

Bridal Gown Boutique that grew 22% in 2010 over the previous year and on pace for 18% growth this year with over 13 years in business. This is a personal service business providing formal wear for weddings, proms, and quinceaneras. The products offered are sourced from long standing relationships with over a dozen vendor relationships featuring top designers. These vendor relationships take years to develop and owner will help with transfer. Additional services are preservation, accessories, and invitations.

This business is currently passively run due to family reasons and can either be acquired in the same manner (keep the manager on at $40K/yr) or an owner/operator could eliminate the manager and obtain the full cash flow ($89K/yr). Great opportunity for someone wanting a career in this industry or service related business. Seller is willing to finance a portion of the transaction depending on the credit worthiness of the Buyer and overall purchase price.

Asking price of $195,000 including inventory. Inventory averages around $100K over the year but ranges between $80K to $125K depending on the time of year. Owner willing to discount discontinued gowns. This is structured as an asset sale and is neither an offer nor a solicitation to sell securities.

Property information

Real Estate:

Lease

Lease terms:

$4,309 per month, expiring June 2014

Location:

3,350 sq. ft. building

Size in square feet:

3,350

Business Operation

Reasons for selling:

Family Relocation

Trading hours:

Monday-Sunday, varies by day

Employees:

5 Part Time

Years established:

13 years (1998)

Other information

Support & training:

Seller will provide training

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller will consider some financing

Furniture / Fixtures value:

$12,500 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)