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High End Bridal & Formal Wear Store In Minnesota For Sale

Minnesota
Asking Price:
$725,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,378,391 (USD)
Cash Flow:
$163,106 (USD)

This very successful ladies' high fashion, high volume store has been operating for almost 40 years providing high quality, full service and exclusive fashions from some of the best bridal & formal wear designers in the world. The store draws high end buyers from the surrounding five states. They have a very knowledgeable and long term staff to service their customer base. The company also participates in a number of trunk shows that show off the new fashions and increases their market image. Each potential buyer will need to be approved by the owner prior to any additional information being provided.

Property information

Premises Details:

The store leases space in a mall which was just remodeled in the last year. The store is totally new on the inside as well. The space has always been well maintained and their high end customer base is very comfortable in this stylish settings. The store is in the third year of a seven year lease with a five year extension available to the tenant. There is plenty of parking available.

Business Operation

Expansion Potential:

Additional business could occur through the addition of more regional wedding shows along with expanding the advertising / marketing effort.

Competition / Market:

There are other competitors for high end bridal and prom apparel, but few stores in this market can match the designs and the designer labels that this store offers.

Reasons for selling:

The owner wishes to retire.

Trading hours:

M/W-Fri 10-8; Sat 9-5; Sun 12-5

Employees:
4 FT / 13 PT
Years established:
38 Years

Other Information

Support & training:

Will train for 4 weeks @ no cost
This long time high end bridal and formal wear store sells bridal and bridesmaid's dresses, prom dresses, accessories for both and rents out formal wear for the man too. The buyer of this business will do best with an understanding of sales & marketing, personnel management and have the necessary financial & accounting skills.

Furniture / Fixtures value:
$52,000 (USD) - included in the asking price
Inventory / Stock value:
$582,783 (USD) - included in the asking price

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