Outstanding Established Bridal Boutique In Seattle For Sale

Business description

This is an outstanding established and profitable bridal boutique. The business has been established since 2008 with a great reputation for personalized (one on one) service, a great selection of mid range wedding gowns, and professional service. There are over 125 dresses in stock and representation of 5 different lines. The price range of the dresses is from $1,100 to $3,200, low to mid price range, and is perfect for the demographics of this area. There is virtually no competition in the area for this price range or selection of dresses. The new owner can add additional lines of wedding dresses, including a high end line, as well as adding accessories, and in house alteration service, and perhaps an online buying program. Seller works about 10 hours a week. Seller terms with $50,000 down, 3 year term, at 6%.

Property information

Real Estate:

Lease

Lease terms:

The total monthly rent is $2,488 per month and the Lease runs till 8/31/2016. The Landlord will grant an option to a qualified Buyer.

Leasehold rent:

$29,856 per annum

Location:

This is an outstanding location, close to Greenlake, with the perfect demographics to make it a successful business.

Premises details:

The business occupies about 1,100 sq feet, and has the retail area, a sitting area, a fitting area, and dressing rooms. The total monthly rent is $2,488 per month and the Lease runs till 8/31/2016. The Landlord will grant an option to a qualified Buyer.

Other information

Expansion potential:

The new owner can add additional lines of wedding dresses, including a high end line, as well as adding accessories, and in house alteration service, and perhaps an online buying program.

Competition / Market:

There is virtually no competition in the area.

Support & training:

The Seller will provide 2 weeks of on site training on the day to day business and introduction to vendors and suppliers.

Reasons for selling:

Family Reasons

Trading hours:

11AM-6PM (M-F) 10AM-6PM (Sat) 11AM-5PM (Sun)

Owner financing:

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

Financing available:

Cash, Bank Financing, or Seller terms with $50,000 down, 3 year term, 6% interest

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$50,000