Popular Womens Boutique in Fast Growing Market
NCListing DetailsOffice ID: RETAIL11
Status: Closing Date Scheduled
Listing Broker: Jeff Snell, CM&AP, M&AMI, LCBI, ABI
Listing Price: $135,000
Gross Revenue: $369,504
Cash Flow: $135,483
Inventory Included: Yes
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will participate in SBA financing.
Reason for Sale:Other interests.
Training:Seller will provide up to 80 hours of transition support in the first 90 days at no additional cost.
OperationsYear Established: 2012
Form of Ownership: S Corp
Employees (part-time): 8
Business Hours: M-F 10-6; Sat 10-5;S 12-5
Business Description:This business located in a fast growing community within 30 minutes of Raleigh, NC. The business sells brick and mortar and online fashionable women's apparel, footwear, accessories and jewelry. They hold special events that generate impressive sales numbers. This business generates $172 per square foot in annual sales. The business turns its inventory an impressive ~35 times per year based on an average inventory level of $13,500. Owner believes the business will benefit from an owner/operator that is more familiar with social media, search engine optimization and pay per click advertising. There is approximately $15,000 available in landlord upfit credits that will transfer to buyer.
Historical Summary:This business was opened in 2012. The current owner has not invested financial resources in social media, search engine optimization or pay per click advertising which are thought to be a significant opportunity to increase sales and profits. Purchase this turn-key business and enjoy profitable operations from day one with large upside potential. There are approximately $8,000 of outstanding gift cards that will be prorated based on historical redemption rates as of the day of closing.
Owner Qualifications:Buyer should have general business knowledge, enjoy people and fashion.
Competition:Competition is limited when considering the type, quality and style of clothing available, but clearly an owner with online marketing skills would have a significant positive impact on sales.
Potential Growth:This business has over 165,000 online followers across social media platforms and averages over 11,000 online website visitors per month. Continuing to build the online following and proactively marketing to the existing base will increase sales. Regular events and trunk shows also could drive sales. Social media, search engine optimization and pay per click marketing.
LocationType of Location: Strip Center
Lease Expires: Jul 31, 2021
Lease Security: $3,000
Monthly Rent: $5,700
Square Footage: 2769
The business is located in a popular and trendy shopping district. In a highly desirable location the approximately 2,769 square feet of showroom is filled with high quality styles.
Last Updated: Aug 25, 2020 / 1:18 PM
Financial Information Current As Of: Jan 21, 2019 / 3:31 PM