S331 - Bridal Boutique

Bridal Boutique S331

Location

City San Antonio
State Texas
County Bexar

Financial Information

Asking Price $195,000 inc $100K in inventory Show Loan Calculator
Down Payment Negotiable
Annual Receipts $499,760
Cash Flow $124,500

General Information

Description Established Bridal Gown Boutique that grew 22% in 2010 over the previous year and on pace for 18% growth this year with over 13 years in business. This is a personal service business providing formal wear for weddings, proms, and quinceaneras. The products offered are sourced from long standing relationships with over a dozen vendor relationships featuring top designers. These vendor relationships take years to develop and owner will help with transfer. Additional services are preservation, accessories, and invitations. This business is currently passively run due to family reasons and can either be acquired in the same manner (keep the manager on at $40K/yr) or an owner/operator could eliminate the manager and obtain the full cash flow ($89K/yr). Great opportunity for someone wanting a career in this industry or service related business. Seller is willing to finance a portion of the transaction depending on the credit worthiness of the Buyer and overall purchase price. Asking price of $195,000 including inventory. Inventory averages around $100K over the year but ranges between $80K to $125K depending on the time of year. Owner willing to discount discontinued gowns. Support/Training: To be negotiated. Reason Selling: Family Relocation This is structured as an asset sale and is neither an offer nor a solicitation to sell securities. For more information contact Bob Howells at 210-348-8989 or info@BBofSA.com.
Reason For Sale Relocations for family
Franchise No
Home Based No
Relocatable No
Year Established 1998
Year Acquired 1998
Employees 1 FT & 5 PT

Building Information

Building Sq. Footage 3,350 SF
Monthly Rent $4,309
Real Estate Available No

Contact Business Brokers of San Antonio for more information.