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Extremely Profitable Women's Contemporary Boutique in Old Metairie, LA
LAListing DetailsOffice ID: RETAIL10
Status: Sold
Listing Broker: Jeff Snell, M&AMI, LCBI, ABI
Listing Price: $650,000
Gross Revenue: $768,317
Cash Flow: $233,656
12 Month Forecast: $775,000
Inventory: $30,000
Inventory Included: Yes
FF&E: $15,000
FF&E Included: Yes
Sale Price: $600,000
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will participate in SBA financing.
Minority Owned: Yes
Reason for Sale:
Family
Training:
Seller will provide up to 80 hours of transition support in the first 90 days at no additional cost.
OperationsYear Established: 2000
Form of Ownership: LLC
Employees (full-time): 1
Employees (part-time): 3
Managers: 1
Business Hours: 10-6 M-Sat
Summary
Business Description:
This business located near New Orleans, LA sells brick and mortar and online fashionable women's apparel, footwear, accessories and jewelry. They regularly hold special events that routinely generate impressive sales numbers. This business generates $784 per square foot in annual sales - almost 250% above average! Sales as measured by CoStar, at most public retailers have declined to an average of around $325 per square foot, down from roughly $375 in the early 2000's, the commercial real-estate research firm said in a report. https://www.cnbc.com/2017/07/29/here-are-the-retailers-that-make-the-most-money-per-square-foot-on-their-real-estate.html The business turns its inventory an impressive ~25 times per year.
Historical Summary:
This business was opened in 2000. The current owners have consistently grown sales and profits. Purchase this turn-key business and enjoy profitable operations from day one.
Owner Qualifications:
Buyer should have general business knowledge, enjoy people and fashion.
Potential Growth:
This business has over 25,000 online followers. Continuing to build the online following will increase sales. Regular events and trunk shows also drive sales. Two additional related URL's are included in the sale and can be built out for additional revenue.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Lease Expires: Aug 31, 2019
Option: none
Lease Security: $5,000
Monthly Rent: $3,800
Square Footage: 950
Facilities:
The business is located in a popular and trendy shopping district. In a highly desirable location the approximately 1,000 square feet of showroom is filled with high quality styles.
Last Updated: Sep 12, 2018 / 4:47 PM
Financial Information Current as of: Sep 8, 2017 / 12:36 PM