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Listing Number: 3411

Bridal Shop/Apparel Business for Broker in Franklin County, New York

Business:Bridal Shop/Apparel Business for Broker
County, State: Franklin County, New York
Business Type: Apparel and Accessory Store, Professional Services, Retail

Summary Description

This bridal shop is the largest bridal shop in the North Country. It is located at the foot hills of the Adirondacks, Local attractions include a ski center and a 36 hole golf course. The business is operated in a quaint historic brick building on the main street of this thriving city. The leased building has over 4,000 sq ft of recently remodeled space, featuring hardwood floors, a balcony and plenty of clean dry storage in the finished basement. The bridal shop inventory is valued at approximately $130K which includes 300 wedding gowns by all of the major manufacturers. They have weddings booked through 2006. The store has high visibility due to extensive advertising over the past 21 years on radio, cable TV, newspapers, bridal booklets and direct mailings. Customers travel to the store from a 150 mile radius. The highly trained staff wishes to continue employment with a new owner. A “in store” owner could increase sales and reduce expenses. This is a turn key operation and includes all inventory, computer system, and fixtures.

About the Sale

Asking price: $240,000 (USD)

Financing:$150,000 down and 8% for 4 years

Total Revenues:$297,637 (USD)

Cash Flow:$57,642 (USD)

Reason Selling:Wife is "hands on" with the business and she is ill. Both are close to retirement

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.