Bridal Retail Store Sold
Bridal Retail Store Sold
12% Increase In Business Value Prior To Sale
THE CHALLENGE
Thriving, small bridal business had exceeded the owner’s expectations of success
Business had grown beyond the owner’s ability to meet consumer demands
Large franchise company was interested in acquiring the business
Owner had never sold a business and wanted to maximize the return on investment
THE SOLUTION
Created a business exit strategy
Provided a review of company’s finances, sales, customer base, market penetration, projections, overall performance, and implemented necessary improvements to achieve highest selling price possible
Conducted a business valuation and determined how much to sell the company for
Hired a broker to complete the transaction and close the deal
THE RESULT
Increased the value of the business by 12% prior to the sell
Process was easy, fast, and simple for the owner with minimal negotiations
Business sold in 2 months to an ideal buyer for a price significantly higher than originally thought