Issue link: http://deals.uberflip.com/i/1312534
Founded in the early 1990's, the iconic Company is a retailer offering special occasion dresses, formal wear, accessories, and alterations. With over 10,000 dresses in stock from a collection of private label, national designers, styles, and sizes, the Company is a destination location for any social event. In 2018, the Company's revenue was generated from dresses (80% of revenue), alterations (10%), accessories (5%), and tuxedo (5%). Customers and Markets The Company serves customers looking for special occasion or formal wear. Typically customers are from the home state and surrounding states, but the Company also services many out-of- state pageant contestants. The Company also generates revenue through online sales that accounted for 5% of revenue in 2018. The Company's customer database consists of over 30,000 in which 30% of revenue is from recurring customers. Sales and Marketing All of the Company's employees, with the exception of the alterations department, are responsible for in- store sales. Depending on expected season and store traffic, the Company will have between 5 and 20 sales associates working at one time. Outside sales are primarily generated through the modern website with easy to recall web address, trade shows, extensive social media, and direct marketing email campaigns. Additionally, the Company's outstanding reputation as a destination special occasion retailer contributes to word-of- mouth advertising and repeat business. Facilities and Equipment The Company leases below market rate from a related party. The retail space is a 12,000+ square foot facility which houses over 10,000 in stock dresses, over 30 dressing rooms, showroom, alterations center, and office. The related party is also amenable to selling the facility. Opportunity The retiring Seller has developed several channels for new sales and profits including men's wear and accessories, young customer development, and seasonal satellite pop-up storefronts. The facility and customer base affords multiple additional options for add-on customer related services. Chris Barnard, Senior M&A Advisor (563) 424-5707 cbarnard@generational.com Client #62886 Generational.com DealForce.com DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Click here to sign NDA. Midwest Bridal & Formal Wear Retailer 2018 $1.74MM Sales | $268K EBITDA | 10,000 Dress Inventory 12,000+ sf Destination Retail Showroom & Alteration Center