This is a well-known bridal store in King County, WA. Established in 1976, the business sells wedding dresses, bridesmaid dresses, and accessories. The company has developed an excellent reputation in the community with lots of glowing reviews online. There are 4 full-time employees and 1 part-time employee. The owner works 35 to 40 hours a week at the business. The owner’s duties include staff training, staff management, inventory purchasing, bill paying, and doing some sales (answering phone calls and taking some appointments with brides). The seller is looking to retire. This is a rare opportunity to take over a well-established bridal store and grow the business to the next level.
The location is fantastic on a very busy street with excellent visibility. The store is 4,121 square feet. Approximately $230,000 worth of inventory is included in the asking price.
Competition / Market Pros & Cons
This bridal store has received magazine awards and numerous 5-star reviews online. The store carries some of the best brands in the industry, and there are some exclusivity rules for the brands, meaning other bridal stores within a certain distance cannot carry the same lines. The customers are very loyal and there are many repeat customers (families with multiple members getting married).
Growth and Expansion Pros & Cons
The owner has done little to no advertising. The company has never attended a wedding show. A new owner with fresh energy could actively market the business and expand the product lines to include mother of the bride dresses, prom dresses, and even shoes.