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A STEAL!! One of South's Largest Bridal Shops, for Pennies on the Dollar

Public
  • Listing# : 6749
  • Listed Price : $275,000
  • Total Sales : $270,600
  • SIC :
  • Down Payment : $200,000
  • Status : Expired
  • Discretionary Earnings : $270,600

Business Type :

Clothing / Clothing Bridal Shop

Business Description :

The Bride's World closed May of 2010 due to health problems of the owner. Prior to 2010 the store had several misfortunes that effected net income, especially 2006 -2009. Before these issues arose the store was very profitable and ranked as one of the top 5 bridal shops in south. In 2006 & 2007 the store suffered terrible water damage from a roof collapse. Along with the loss of revenue, loss of inventory, and costly repairs, legal issues arose that were dealt with by the owner. In 2008 & 2009 the owner had began to have severe health issues and was out of work as the operator for over 18 months. As health issues continued the owner attempted to continues as the owner operator, but in early 2010 the owner realized that would be impossible for her. In May of 2010 the owner had all she could take and closed the Bridal Shop and safely stored all the inventory and fixtures. The retail store front that was occupied by the Bridal Shop is currently in the same condition as it was left in May, a new owner could go into that location and be up and running in less than a week. This is great opportunity for someone to by a Well Established Bridal Shop for one/half the value and start making money in month.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl : No
    • Real Estate $0
    • Incl : No
    • Inventory $186,031
    • Incl : Yes
    • Liabilities $0
    • Incl : No
    • FF&E $9,795
    • Incl : Yes
    • Other: $0
    • Incl : No
    • Leasehold $12,000
    • Incl : Yes
    • Total Assets $207,826
    • Incl : Yes

Lender Prequalified: No

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Clothing