One-stop-shop retail clothing store specializing in formal occasion wear is available for acquisition. This business was originally established over 15 years ago by the current owner and has been in current location for last 13 years. There are many indirect competitors around the area, but this doesn't pose any issues as no competitor specializes in wedding and formal wear. Most of the customers are Hispanic individuals from surrounding and all over the metroplex that have been loyal customers since establishment. Quincenera and prom season bring different demographics of customers all season long. This business is located among many other retail clothing and accessories stores anchored by well-known giant retail and wholesale store, which brings tremendous amount of foot traffic to the business. Despite constant flow of foot traffic, social media marketing as well as traditional marketing are needed to truly grow the business. Sales average was $40,000.00/month that has been consistent throughout the last decade of operation with limited marketing and full commitment and proactive involvement by the owner. Currently, the owner does not attend conventions and fashion shows as much as needed to further to keep up with stylish trend and directly dealing with the wholesalers for best pricing to reduce cost of goods. A potential buyer that has experience in tailoring will be even more beneficial as this would easily increase cash flow through cutting payroll expenses. This business has a wide selection of products that range from formal wear for all ages, wedding dresses, party dresses, evening gowns, tuxedos rentals, prom dresses, and wedding accessories. While this business has steadily grown, all this business needs is a potential buyer willing to proactively market this business within the local area as well as being fully committed to running this business full-time.
Furniture, Fixtures & Equipment: $5,000 (Included in listed price)
Inventory: $175,000 (Not Included in listed price)
Financing: 100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2001
Facilities: This business is located in huge shopping center anchored by one of the well-known retail and wholesale clothing and accessory stores in Dallas, which bring immense traffic to the business.Support/Training: Owner will provide training during a 2 week period for a smooth transition into the business.
Reason Selling: Other opportunities.
Competition: There are many indirect competitors in the area, but this business is the only store that sells formal wear clothes and accessories.
Growth And Expansion: Currently, there are no marketing done. The owner also does not attend many conventions held in and out of the state. Attending these conventions and directly dealing and building relationships with the wholesalers to reduce pricing will definitely reduce the overall cost of goods and increase sales.
DealStream.com is an online community for dealmakers with over 100,000 active members in 100 countries.
Our members include entrepreneurs, corporate executives, private equity groups, business brokers, investment bankers, and M&A advisors. They use our website to buy businesses, sell businesses, and expand their professional networks.
If you are looking to buy a company or buy a business, we offer a searchable database with over 15,000 listings of businesses for sale, companies for sale, and franchises for sale. We have a lot of listings for middle market businesses for sale and large businesses for sale.
If you are looking to sell a company or sell a business, you can list your business for sale for free and reach thousands of business buyers and intermediaries.