Evening Gown Boutique for Sale in New Jersey

Ocean County, NJ

Seller Financing Available

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Asking Price:$740,000
Gross Revenue:$475,000
FF&E:$35,000
Cash Flow:$290,000
Inventory:$400,000
Established Year:2005
BUSINESS DESCRIPTION

LISTING ID # 36217

This well-established evening gown boutique has been thriving for the past 19 years, impressively weathering economic downturns. Located in New Jersey, with a population of 9 million, it experiences bustling activity, especially during its peak season from January to June. Specializing in various occasions such as proms, sweet 16's, mother-of-the-bride, black tie affair attire as well as dressing clients that walk the red carpet. The brand name and reputation of this boutique has resulted in becoming a community favorite as well as attracting long standing clientele in the northeast. Known for its meticulous attention to detail and promotion of body positivity, it has garnered a loyal customer base. The store also offers 8 dressing rooms, accommodating several customers and personal and private service. The owner's dedication has resulted in a business that now requires only 70 days of work per year. Through strategic decisions and valuable connections, the shop commands markups ranging from 350% to 1500%. It has received recognition from local newspapers and news channels, solidifying its status as a must-visit destination.


DETAILED INFORMATION
Location
Ocean County, NJ
Inventory
Included in asking price
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
500,000.00 Down & balance of $240k for 36 months @ 6%
Support & Training
Seller will train
Reason for Selling
Retirement
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Vested
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Vested Business Brokers, Ltd