Listing Number: 6842-83919
Don’t miss out on this unique opportunity to own one of the region's largest and most successful bridal stores. Imagine a store filled with more than 30,000 square feet of designer bridal gowns, bridesmaid and mother-of-the-bride dresses, as well as bridal headpieces, jewelry, accessories and more. Now, picture brides and bridal parties from throughout the tristate area and beyond; from Europe, Asia and the Middle East, shopping aisle after aisle of designer gowns and dresses from around the world. This is not a bridal “boutique” or bridal “store,” this is a bridal DESTINATION with a decades-long reputation for quality, value and service, featuring every style imaginable from contemporary to traditional, and at prices to fit every budget. And for a truly memorable experience, every bride receives the personal care and attention she deserves from selection and fitting to expert alterations done on the premises. To further expand its reach, brides who can’t get to the store, can also shop online at the store’s vibrant, interactive e-business, website featuring thousands of famous name gowns/dresses for brides, bridesmaids, mothers-of- the-bride and flower girls, plus a large selection of dresses for proms and Quinceañeras.
Call us to discuss the investment benefits of this growing, professional business in a spacious, modern environment and convenient upscale location.
Hours: Monday-Friday 11:00am-7:00pm, Saturday 9:30am-3:30pm, Sunday 11:00am-3:00pm
Lease: Seven years remain on ten-year lease plus renewal options. Base rent $105,188/month plus $3,500/month real estate taxes. 30,000+ square feet.
The Transaction: The deal structure will be an asset sale. The reason for the sale is the sellers’ desire to retire. Owner will train for four weeks at no charge. Offered at $6,500,000.
- Price: $6,500,000
- Down Payment: $6,500,000
- Sellers Discretionary Earnings: $1,446,323
- Total Sales: $7,843,173
- Location: New York, New York
- Inventory: $1,000,000
- FF&E: $50,000
- Employees: 47
- Year Established: 1953
- Reason for Selling: Retiring.
- Category: Clothing