Listing Number: 6842-83919
Great deals on iconic NYC brands don't come around often, so you need to act fast when they do!
The owners of this this one-of-a-kind, destination bridal store want to retire NOW and are looking for a next-generation buyer with the energy to implement the many growth opportunities and take it to new heights.
It has everything to make a wedding special: bridal gowns, bridesmaid and mother-of-the-bride dresses, accessories and more. With more than 30,000 square feet of designer fashions, there truly is something for everyone and at prices that cannot be beat. This store has been making brides happy for more than 30 years and the owners are ready for a new generation to take it to the next level. Not only do they feature great values, their personal service cannot be beat. They ship across the USA and around the world and their expert, on-premises seamstresses and tailors make sure every gown and dress fits perfectly. 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.
Hours: Monday-Friday 11:00am-7:00pm, Saturday 9:30am-3:30pm, Sunday 11:00am-3:00pm
Lease: Five years remain on the ten-year lease plus renewal options. Base rent $115,259/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 $2,750,000.
- Price: $2,750,000
- Down Payment: $2,000,000
- Sellers Discretionary Earnings: $804,869
- Total Sales: $6,803,625
- Location: New York, New York
- Inventory: $1,000,000
- FF&E: $50,000
- Employees: 47
- Year Established: 1953
- Reason for Selling: Retiring.
- Category: Clothing