Incredible Bridal Shop in Business for over 50 years with Real Estate Purchase Option

Price: $419,000

Location: Jersey City


Listing Description

Excellent opportunity to buy a sought- after bridal boutique business in Jersey City with an option to buy the real estate. This Boutique is well-known in the region, and has a great reputation in a wedding industry for providing exceptional personalized service to their customers. Clientele is drawn from all over Tri-state area through referrals and word of mouth.
The Boutique carries an extensive line for some of the most recognized designer dresses in the industry, many exclusive, as well accessories. Dedicated owner and sales staff are fully trained and capable of handling a seamless transition.

The operation includes all equipment, supplies, over $200K in inventory, elegant website and much more. Well-developed operating policies and systems are in place and ready for the new owner to take the business to the next level. The owner will provide excellent training to someone who desires to purchase a solid business positioned for growth & success.

A family owned and operated bridal shop and women’s clothing boutique for 30+ years, offers you one-on-one styling and fitting appointments. You will get elegance and beauty with a wide selection of styles to choose from. The select bridal and fashion of the business are hand selected for the educated fashion conscious gal. The boutique is indicative of couture fashions at sensible price points.You’ll find a luxury bridal boutique in the historic area of Jersey City, NJ with a wide selection of styles, designer wear, and accessories to complement any figure.

Real Estate is listed for $925,000. With rent at market value + garage spaces + retail space, CAP rate is 8.4%.

Listing Details

Total Sales: $225,000

Cash Flow: $75,000

FFE: $65,000 (Included in Price)

Inventory: $230,000 (Included in Price)

Real Estate: $925,000

Reason For Sale:

Owner is looking to retire

Training & Support:

Owner will stay on up to 90 days to make a seamless transition.

Operation

Year Established: 1975

Summary

Historical Summary:

2 2-family properties combined and sold as a package deal. Each building has 2 2-bedroom units and 1 retail space. Retail spaces combined and used as a high end boutique with additiional space on 2nd floor. #154 has finished basement. #152 unfinished with half bath. Apartments on 2nd floor have shared access to large open deck. Landlord pays heat and hot water for entire building, other utilities are seperated. Current rent slightly below market value. With rent at market value + garage spaces + retail space, CAP rate is 8.4%. 3 tenants have month to month leases. Parking for 3 cars.