Unique opportunity to be an independent business owner of a highly successful, well-established bridal boutique that has been serving Australia for over 19 years. In the extremely competitive bridal industry, this highly sought-after brand has forged a reputation for impeccable and award-winning service throughout its starred tenure in Canberra and now is available for acquisition.
This business is a turn-key solution for the new owner, whether a novice or seasoned retailer. The seller is providing a very rare and prized opportunity for the new owner by sharing trusted, long-standing contacts (including designers and suppliers) within the bridal industry, as well as passing on her deep experience in how to run a profitable bridal business. The seller is even offering the new owner the opportunity to maintain the already existing experienced client delivery team to support the boutique.
Having built this highly successful business from the ground up, the seller is investing in the new owner with this handover process to ensure the ongoing and future success of the boutique. Not only with the boutique being nestled in the leafy streets of one of Canberra's most exclusive suburbs, but the seller also has developed and established a strong, innovative and engaging on-line presence, maximizing media outlets to their fullest. This marketing platform is further bolstered by a self-managed website allowing for both the viewing and sale of products. Together, with its tremendous curb appeal and recognized social media, the seller has developed a strong and dedicated following of bride's-to-be and fans alike, increasing not only in-store clients but creating a tremendous opportunity for massive eCommerce growth. ·
Key market differentiators making this a priceless business opportunity:
* Enviable location in an upmarket boutique suburb,
* Beautiful, coveted stock of an exclusive range of over 200 exquisite gowns from,
* World-renowned and highly regarded designers in bridal, jewellery, headpieces, veils, and accessories,
* Impressive client referral base Clients come from all over Australia,
* Tailoring and Alteration Service, with over 30 years' experience,
* Premium fit out of lounges, chandeliers and premium floor coverings providing a warm and inviting environment for brides to make their important decisions with the assistance of a knowledgeable team,
* Professional marketing and branding across all platforms - Website, Social Media, Client online booking system and Wedding Expos.
This business has proven to be recession-proof and pandemic proof. Following the pandemic, the boutique experienced record sales and industry predictions indicate that this trend will continue.
To undertake a rudimentary analysis of the unit value, per unit value, and the total value of the wedding dress market in Canberra, we multiply the total units sold: 2000 by $2500 to obtain the total market size. That equation is approximately $5,000,000.
The size of the wedding dress market in Canberra is $5 million, according to the above logic. Our research suggests that there are about ten bridal businesses in Canberra. Using a straight-line method would indicate that each store would average a turnover of $400,000 per store, in store.
It's a high-service, high-profit business based on the benchmark numbers provided, having sold a few of these over the years.
On that basis, we have a leading wedding dress business for sale in Canberra with the following key features.
* 2024 Financial Year Turnover: $600,000+
* Staff in place: Yes 4, including the owner with $100,000 paid in staff wages
* Years established: over 19
* Rent per annum: approx $75,000 for the 125sqm premises
* Stock value: $285,000, which is the cost price of new season dresses
After 20 years, the owner has decided to move on and is transferring ownership of the business at the remarkable price of the stock.
Please direct enquiries to sales at capitalcommercial.com.au by providing your first and last name.
