Bridal Store for Sale
Asking Price: $ 50,000
Location: San Diego
Down Payment: $ 50,000*
Total Sales: $ 94,201
Discretionary Earnings: $ 31,213
* seller financing may be offered to qualified buyers.
Since their founding just a few years ago, this bridal store has been known for quality design and the highest level of customer service. This business strategy is backed up by an excellent 5.0 Yelp rating and plenty of happy brides! The founder must now relocate and would like to pass the torch on to someone new who will build the brand even higher or start their own brand if desired.
Ideal opportunity for a current wedding gown stylist working for someone else who has a goal of owning their own business, or for anyone who has a passion for design and harbors appreciation for beauty and endeavors to help brides feel beautiful as they walk down the aisle.
Financials shown are from 2019. The pandemic impacted 2020 as revenue was $75,131 and Cash Flow was $18,169. Numbers are expected to greatly improve once the government restrictions are softened/lifted.
This retail business is located in a small strip mall along one of San Diego’s more popular corridors. The building is set back from the thoroughfare and a small park-like space is in between which provides the brides-to-be a more serene setting.
According to IBIS World, revenue for the Wedding Services industry was expected to decline 21.0% in 2020 as many weddings were postponed due to restrictions on large gatherings and nonessential business closures, such as hair and nail salons. Despite a sharp decline early during the outlook period, revenue is expected to surge 33.1% in 2021 as operators accommodate both new and postponed weddings.
Growth & Expansion
According to the owner there are various ways to drive an increase in sales and are outlined in the CIM (Confidential Information Memorandum).