FOR SALE: Iowa Gas Station & C-Store

Apr 22, 2022 8:21 pm

Things are starting to get busy around here, so I'll make this quick. We've got yet another new listing in our office. (I promise not every email will be about new listings!) This listing comes from one of our seasoned brokers and is a really cool niche formalwear business. They specialize in pageants, proms, and everything in between (but not wedding dresses).

We're still working through porting all our contacts into the new email system. What a process! If you know someone who should be getting these (almost) weekly emails, please pass this along. If you're on my list and don't wish to receive emails any more reply and I'll take you off or find the unsubscribe link at the bottom of the message.

More Information, Please!

NICHE Midwest Women's Pageant, Prom, Formal Attire

Asking Price: $395,000

Cash Flow: $80,350

Gross Revenue: $423,000

FF&E: $15,000

Inventory: $226,287

Established: 1999

Business Description

2022 sales are way up over a two year Covid slump! This business has been built from the ground up. This business offers designer formal attire for most all occasions a woman could dream of. The most current styles/designs available are always offered. This business has helped thousands of satisfied clients by tapping the business's exclusive rights to elite vendors. Each client can look and feel their very best for their special day and/or event.

This business prides itself in being a family owned/run business providing only the highest levels of professionalism possible. Everything is in place for the right person to grow this business many fold. This business has also been utilizing e-commerce and social media selling.

For the past two years this business basically operated "by appointment" only. Hence, the lower sales volume reported. In comparing same sales prior year to current year 2021 vs. 2022 (Jan. - mid Apr.) 2021 sales are $81,900 and 2022 is already at $232,786.

Detailed Information

Inventory: Included in asking price

Employees: 2 FT/1 PT

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: This business operates out of a commercial retail space that is adequate for current and future demands.

Competition: There is minimal competition in the market place. This business has been established for a very long time and certainly has a "head-start" on the competition.

Growth & Expansion: The potential for growth is incredible in this industry. This business' online presence and sales can be built in a very big way. The tools to do this are now available and will be shared with the right buyer. Adding Bridal and even Tux rentals could be easy and logical add-on sales.

Support & Training: Will train for 4 weeks @ $0 cost. All skills required can be taught as long as the next owner is coachable and trainable. A buyer with business experience would be a plus but not required. The seller is willing to spend time with the new owner to assist in a smooth transition.

Reason for Selling: The owners would like to retire.

More Information, Please!

As always, I look forward to hearing form you!

Happy Friday,

Josh

JOSH GRODE WOLTERS, MA, MBA, BTS

Business Broker | M&A Advisor

· $23M closed transactions ·