Very Profitable Top Bridal Boutique In Toronto For Sale

Description

Business type: bridal boutique

Location: Midtown Toronto, Ontario

Current status: established operating business

Trading history: nearly 20 years

Operating model: semi-absentee

Asking price: $868,000 CAD

Financial information

Annual revenue: approximately $1.2 million+

Inventory included: approximately $200,000

Customers and market

Customer base: established

Repeat business: active

Referral business: active

Local brand presence: established

Staff and operations

Experienced team: in place

Store manager: in place

Day-to-day store operations: managed independently by store manager

Current owner role: primarily managerial

Current owner store visits: 1 to 2 days per week

Operating systems: streamlined and transferable

Products and services

Primary product focus: bridal gowns

Expansion options

• Add evening wear
• Add formal dresses
• Add custom services
• Open additional locations
• Develop a branded multi-location chain

Reason for sale

Reason for sale: seller relocation

Seller motivation: stated as motivated to transition the business

Potential buyers

• Retail operators
• Existing bridal or fashion businesses
• Buyers seeking a scalable retail concept
• Investors