Category:
10781 - Retail
Location:
Northern California - South Bay
Business Description:
This bridal, prom & tuxedo shop has been established for decades under the same ownership. It’s located on a major thoroughfare of South Bay with great traffic exposure, large parking lot and easy access to Freeway. It’s one of the top bridal shops in Bay Area. The business has grossed $2MM+ and netted $500K+ before pandemic. Even with shut down during the pandemic, it still had very strong cash flow. The first few months of 2022 already indicated the annual revenue back to the track of $2MM+. It has spacious display area, large dressing rooms and mirrored areas for viewing. SBA loan pre-approved. $500,000 inventory is included. The owners are selling to retire. Ref#10781
Inventory (included):
$500,000
12 Months Ended
12/31/2022
$2,047,848
(Sales)
$482,769
(Adjusted Cash Flow)
12 Months Ended
12/31/2021
$1,569,193
(Sales)
$293,042
(Adjusted Cash Flow)
12 Months Ended
12/31/2020
$1,400,392
(Sales)
$203,724
(Adjusted Cash Flow)
12 Months Ended
12/31/2019
$2,092,488
(Sales)
$503,159
(Adjusted Cash Flow)
| # of Employees | Full Time | Part Time |
| Non-Owners | 4 | 3 |
| Owners | 1 | 1 |
Hours of Operation
Mon,Thu,Fri,Sat:10-6;Sun:11-5; Tue,Wed:12-8
Licenses Required:
Monthly Rent Including NNN:
$19,239
Expires:
12/31/24
Option:
For 5 years
Size(sq.ft.):
6,070
Type of Organization:
Partner
Reason for Sale:
retirement
Training:
4 weeks 30 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.