BizEx151-ML: Award Winning Bridal Boutique

Background:

General Location:West Los Angeles, CA
Category:Retail > Apparel & Accessory Stores
Years in Business:5
Under Present Owner:5
Hours of Operation:M-F 12:30-7,S 10:30-6,Su by appt
Owner Hours:M-F 12:30-7,S 10:30-6,Su by appt
Training: 3 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:12/1/2011
Lease Options:2
Building Size:920 sqft
Employees:1 FT; 1 PT

Reason for Sale:
Relocation due to family illness

Financials

Asking Price:$99,000
Down Payment:Negotiable
Gross Sales:$127,152
Discretionary Cash Flow:$67,000
FF&E:$ 3-4,000
Inventory Included?Yes
Inventory:$50,000
Minimum Operating Capital:$ 3,500
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 2,584/month incl CAM
Payroll:$ 350/month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Miles M. Logothetis
Business Broker
(310) 882-2200 ext 105
LIC# 01406738

Summary

Business for Sale is a profitable award winning Bridal Boutique focusing on the sale of wedding gowns and bridesmaid dresses located on the west side of Los Angeles. Sales extend beyond Southern California into neighboring states, and in some cases come from overseas brides. For example, customers are coming from Las Vegas. The boutique currently carries a number world renowned designers, but also offers some custom dresses. The majority of the business comes from advertising and referrals. The location, with ample free parking and highway access, is well suited for the current business because it is a destination business, which does not depend on any walk-ins. Customers are going to this business specifically, and therefore want the convenience of close, free parking. This bridal shop has appeared in various international media. There are a number of ways to grow the business including expanding the current advertising campaign, increasing the custom dress portion of the business, and offering more accessories and wedding party related products. The ideal buyer should have a fashion sense, sales skills, and strong people skills. This is a great opportunity for someone who desires to be in the multi-billion dollar wedding industry, and seeks to benefit from acquiring a successful business from which they can grow. For more information regarding this opportunity please register as a buyer at bizex.net and call Miles Logothetis at 310-882-2200 ext.105.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.