Do you want to start a bridal store business by buying a franchise? If YES, here are 5 best bridal store franchise opportunities for sale and their cost.
The average cost of a wedding in the United States reached more than $32,000 in 2016, and one item that takes a good chunk of that money is the wedding dress and its accompanying accessories. According to Fox Business, the average price of a wedding dress in the United States is over $1,100 and this price has seen some decent increase in recent time. This is why a bridal store is usually a profitable business to start at any time of the year.
According to statistics, bridal stores saw revenues total $3 billion in the U.S. in 2017. Although fewer couples tied the knot during the five-year period to 2018, growth in per capita disposable income and consumer confidence encouraged more brides and grooms to splurge on high-value wedding goods.
For example, according to the latest data available from The Knot’s annual wedding survey, the average amount spent on wedding gowns expanded from $1,211 in 2013 to $1,509 in 2017, representing nearly a 30.0% difference between the four years.
These statistics and more shows that the bridal industry is headed towards an upward trajectory. If you have the eye for dainty apparel that can satisfy even the choosiest of brides, then maybe it is time you start looking at opening your own bridal business. One way you can ensure that you will start making profits with your business is to buy the franchise of an established bridal store in your area.
When you go franchise hunting in the bridal niche, you will find out that you will not come up with much findings, and this is because the bridal industry is replete with small individual businesses. For this reason we have come up with slim pickings for you, but that notwithstanding, you can always find the business that suits your financial standing, as well as your intents and purposes best.
5 Best Bridal Store Franchise Opportunities for Sale and Their Cost
- Winnie Couture
Winnie Couture is a high-end attire bridal business that has a modern mix of classic elegant and sophisticated couture. This bridal store blends femininity and luxury to create wedding dresses that are flattering and timeless for brides.
Headquartered in Beverly Hills, California, Winnie Couture was founded in 2001 by wife-and-husband duo Winnie and Chris Lee. Their passion and devotion to the bridal fashion industry have gained them continuous success. After just a few short seasons, the couple positioned the Winnie Couture brand as one of the fastest growing, most-in-demand bridal collection across the country.
In fact, in just less than five years, their wedding dresses have become available in over 150 stores. In 2009, Winnie and Chris debuted their first West Coast flagship in Beverly Hills, California.
From the grand chandeliers, the lavish décor, to the intimate fitting spaces, every Winnie Couture flagship store is designed to deliver the ultimate, immersive Winnie experience. Winnie Couture wedding dresses are distributed through Winnie Couture flagship stores and finest retailers throughout the world.
- Liquid capital required – $150,000
- Net worth required – $300,000
- Investment – $299,000 – $550,000
- Franchise fee – $60,000
- My Wedding My Dress
My wedding My dress is one of the unique bridal stores in the Unites States that caters to brides that need affordable dress. Thought their items are reasonably affordable, but this store is not your ordinary commercial bridal boutique.
My wedding My dress bridal stores provide customization, unique designs, affordable prices, and they are a full service Bridal Boutique. One of their mantra is to provide the best, the latest and perfect gown to their clients without the extraordinary prices.
The company is currently offering franchise in the united states. They are equally affiliated with many vendors that will also take some of the wedding stress off their clients as they prepare for their wedding. If you are interested in buying this franchise, then you best contact the company.
- Bella Bridesmaid
Bella Bridesmaid is said to be the first bridesmaid exclusive boutique in the U.S. offering chic and modern bridesmaid dresses and accessories in an intimate, by appointment only setting.
Bella Bridesmaid offers a refreshing departure from the usual bridesmaid experience with fresh, stylish and chic designer dresses and an intimate, approachable-yet-upscale atmosphere. Bella Bridesmaid provides each bridesmaid customer with personal attention and friendly expertise on the latest fashions and styles in bridesmaid apparel.
The shops also offer innovative and fun accessories to accompany their top-brand dresses, and to give as gifts. Bella Bridesmaid boutiques are located in stylish shopping districts for optimal convenience.
Bella Bridesmaid was created in 2000 by Bridget Brown, who opened her first boutique in San Francisco in response to a need for stylish, wearable, modern bridesmaid apparel. The boutique was a smashing success in the Bay Area, and by 2006 the company began franchising, expanding the brand nationwide.
- Investment Amount: $100,000 – $125,000
- Franchise Fee: $50000
- Royalty Fee: 3%
- Fabulous Frocks
Fabulous Frocks is another bridal store that is offering franchise in the United States. This store brings a fresh, innovative concept to the bridal world as their boutiques offer brides a curated collection of ready-to-wed and made-to-order wedding gowns in an intimate, one-on-one boutique setting. Their ready-to-wed gowns are lovingly hand selected for brides to purchase directly off the rack- at a fraction of the original retail.
Fabulous Frocks source their gowns from top designers in the industry and their collection are only available for special order. This unique concept allows them to stock a much larger selection of designer gowns than a traditional bridal boutique, leaving their brides feeling as though they have been to multiple boutiques in just one appointment.
This Charleston, SC-based company has announced it is accepting applications to open franchise operations throughout the United States.
Franchisees will be provided with comprehensive training programs, they will also participate in consignment programs that will allow them access to the inventories of all Fabulous Frocks boutiques and its central warehouse, plus the ongoing support of the home office team to help ensure the successful launching of their store.
- Initial Investment – $49,700 – $144,500
- Net-worth Requirement – $150,000
- Liquid Cash Requirement – $30,000
- Initial Franchise Fee – $20,000 – $50,000
- Ongoing Royalty Fee – 5%
- Ad Royalty Fee – $100/mo
- Lovely Bride
Lovely Bride is another one of the unique and very poplar bridal franchises in the United States. This bridal store was founded by Lanie List after she experienced first hand the disappointment in the bridal industry after they failed to offer her the right dress inspiration for her wedding in 2008.
When shopping for her own wedding dress, List struggled to bond with consultants at the bridal boutiques she visited. Never encountering the “Instagrammable” moment she envisioned, List settled for purchasing her wedding gown off the rack at a London store. For List, the dress-shopping experience lacked the verve, comfort and energy she expected, or at least hoped she would find. This essentially was what gave birth to Lovely Brides.
Lovely Bride was borne of the concept that bridal boutiques could be way cooler. When the company was founded in 2009, it came with the right hip and sway that got the attention of everybody including bloggers, photographers, planners, florists and fashion designers. They aimed to find bridal dresses to suit the bride’s personality and emotions, while adding loads of style to it.
The company is currently offering franchise in the united states, and if you want to check them out, you could contact them via their website.