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High Volume Special Occasion Dress Salon

Bergen County, New Jersey

Asking Price: Gross: Cash Flow:
$130,000 $906,000 $56,980

Inventory Value:
$510,000 ( not included in the asking price)

Business Summary:
High volume Special Occasion Dress Salon in a central downtown location in an upscale community. Owners recently renovated a thirty year old dress shop, spending over $100,000 for all new fixtures, carpeting and wall treatments, creating a tasteful environment for their exciting dress assortment. Their expansive assortment includes Mother of the Bride, cocktail, evening, long gowns, sweet 16, suits, ready to wear, accessories and more. Big oversize business and growing. The salon includes six fitting rooms, an on site seamstress staff and a full basement for storage. There is tremendous potential to expand the business into Prom Dresses and shoes. The business was originally purchased for the daughter who has decided on a different career and is no longer in the business. The owners want to retire and are very motivated to sell. The business is offered at $130,000 plus the inventory which is valued at $500,000. The inventory is very current and the seller will consider all reasonable offers to facilitate the sale of the business. Owners also willing to finance up to 40% of the total purchase price for qualified buyers. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.

 
   
   
Year Business was Established: 1980
   
Number of Employees: 3FT/4PT  
   
Facilities / Terms of Lease: Recently renovated 3,000 sq ft salon with a full basement and all new fixtures and lighting. Street parking as well as parking lots  
   
Potential Growth/Expansion: Adding shoes and Prom Dresses to the assortment  
   
Owner willing to finance: Prime + 2% interest with the term of the note negotiable  
   
Owner willing to train: Owner will provide training and assistance to insure a smooth transition.  
   
Reason for selling: Owners retiring  
 

 

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