Bridal Boutique Business – Strong Referral Business

Price: $450,000

Annual Revenue: $2,067,000

Net Cash Flow: $231,000

Industry: Retail

Location: Essex County, MA

Established in 1984, this bridal service outfits between 375-425 brides per year. They receive referral business from happy customers that fuels their ongoing success. In addition to brides, they outfit, mothers of the bride, bridesmaids, flower girls and wedding attendants with gowns, veils, cocktail dresses and accessories. They maintain excellent lines including several that are exclusive to them. They partner with designers to host trunk shows with the latest designs. This is a well-established turnkey operation that offers a great opportunity for a new owner to continue their success. No bridal industry experience is required as all the functions of the business are in place to succeed.

Listing Details

Inventory: $400,000

Reason For Sale:

After 35 successful years, the seller is ready to retire

Training & Support:

The seller will to help the buyer ensure a successful transition.

Operation

Year Established: 1984

Employees: 15

Managers: 2

Location

Facilities Information:

7,500 sq ft of space including recently redesigned showroom and sales floor, 18 dressing rooms, complete seamstress operation with all equipment, full kitchen, men's and women's restrooms and office space.  They use BBL software that is a POS system for bridal businesses.

Summary

Competition:

This business is one of the biggest and long established independent bridal shops in MA. They serve brides throughout the state and beyond and receive referrals to friends and family that fuels continued growth. They maintain exclusive lines that can only be sourced from their shop.

Potential Growth:

This business can continue to grow through referrals and partnerships with more designers.