Business Category: Apparel and Accessory Stores and Retailing Businesses
City/Region: Grand Rapids
Listing Price: $100,000
Cash Flow: $78,581
Interested in a highly rated, profitable, award-winning bridal boutique for sale? Look no further than this 30+ year established business with significant name recognition and a stellar reputation!
This first-class bridal shop is in bustling Grand Rapids, Michigan. It carries a large and modern inventory selection, promising something for everybody – traditional sizes, plus-sizes, luxury brands, and budget options. The Company is one of few in Western Michigan that offers alterations service, furthering the convenience for the customer.
The Company is profitable and debt free, and can be significantly grown by new ownership with energy and fresh eyes. The current owners are seeking to sell the Business in order to retire and are willing to assist a new owner through a transition period to ensure their success.
Opportunities For Growth:
(1) Constant Exposure: With new trends and new clients arriving on the scene often, the Company has twice yearly new product designs, and thrives on customer referrals from satisfied clients. The Company also participates in the annual Bridal Market in Chicago, furthering the brand’s clientele base and name recognition.
(2) New Management: Current ownership has been in place for 35 years and are ready to retire and manage their health issues. A new owner coming in with fresh eyes and young energy has the opportunity to grow the Company significantly.
(3) Expansion of Alterations: The Alterations department currently accounts for approximately 20% of the Company’s revenue. This area of services could be expanded to bring in more profit.
(1) Excellent and Wide Dress Selection: The Company carries over 350 bridal gowns, as well as bridesmaid and flower girl dresses. They carry standard and plus-sized options with a price range to fit anyone’s budget.
(2) Experienced and Knowledgeable Staff: Customer service is everything in the wedding industry, which is why the staff of the Company are expected to share in the customers’ vision and do everything they can to help the client find the wedding dress of her dreams.
(3) Unbeatable Reputation: The Company is extremely highly regarded online. The Company boasts very high ratings (4.5+ and 90%+) on social media and wedding websites. It has received numerous awards and recognitions from The Knot and Wedding Wire!
(4) Alterations: The Company offers on-site alterations, which not many bridal shops do anymore, giving the Company a market advantage and taking their dedicated customer service to a whole new level.
Real Estate Value: $194,000
Real Estate Available: For sale
Reason For Sale: Retirement
Number of Employees: 8