Established Bridal And Formalwear Salon In Coastal NC For Sale

Business description

50 year established bridal salon for sale in a beautiful coastal town in Northeastern North Carolina. Located 45 miles from the OBX, recognized as the premiere location for destination weddings in the US. Inventory includes bridal, prom, formal, bridesmaids, mother of the bride, flower girl, social and tuxedo rentals and purchase as well as wedding preservation services. Prom customers are now coming in as bridal customers, only formal wear shop in a 60 mile radius.

Property information

Real Estate:

Lease

Lease terms:

Lease is up in 2 years then it could be relocated

Leasehold rent:

$15,000 per year per annum

Location:

Elizabeth City, NC located near University and Coast Guard Base

Premises details:

1250 Square Ft. Retail Location, 5 dressing rooms, large storage room, rest room facilities. 2 years remaining on the lease, plenty of parking, near hair salon and park area.

Size in square feet:

1,250

Business Operation

Expansion potential:

Yes there is room to expand

Competition / Market:

No competition within 60 miles

Reasons for selling:

moving to a new town for husband's job

Trading hours:

11-6 Mon through Thurs. 10-5 on Friday, 10-4 on Saturday and closed on Sunday.

Employees:

1 - owner, some part time help when prom season starts

Years established:

over 50

Other information

Support & training:

I will stay and help as long as needed.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

willing to take a down deposit and finance the remainder

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$85,000