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Womens Specialty Boutique
TennesseeListing DetailsOffice ID: RETAIL9
Status: Active
Listing Broker: Michael Fekkes, M&AMI, CBI, CEPA
Listing Price: $40,000
Gross Revenue: $180,000
Cash Flow: $16,000
Inventory: $40,000
Inventory Included: No
FF&E: $19,000
FF&E Included: Yes
Sales Structure: Asset Sale
Reason for Sale:
Retirement, Desire to travel and spend more time with family.
Training:
4 weeks training and transition support included in selling price.
OperationsYear Established: 10
Form of Ownership: Sole Proprietorship
Employees (full-time): 1
Employees (part-time): 4
Business Hours: 10-6pm M-F, 10-5pm Saturday
Summary
Business Description:
The business is a women's specialty boutique. Products include apparel, gifts, home décor, and jewelry. Apparel is the largest selling portion and is likely 50% of total sales. Gifts and jewelry make up about 30%, home décor 12% and embroidery about 8%. The business owns an embroidery machine and performs all embroidery in-house. The customer demographic is female, age 20 - 70, with the largest percentage probably in the 30 - 55 yr. range
Competition:
The competitive advantages are the ease of access. Convenient location on a main thoroughfare in Goodlettsville. Provides certain lines of apparel and gifts that are not found anywhere else in Goodlettsville such as Southern Marsh and Charles River apparel, Trapp Candles. Also the only location that performs embroidery services on-site. The store also carries other seasonal lines of apparel that is not found anywhere else in Goodlettsville. The store attempts to carry unique items that you can't buy locally anywhere else.
Potential Growth:
The business has grown mostly through Social Media marketing and word-of-mouth referrals. It has a very loyal customer base. The service that customers receive when they walk in the shop is excellent.
LocationType of Location: Strip Center
Real Estate for Sale: Yes
Square Footage: 1700
Facilities:
The business is located in a commercial retail strip center in a high traffic area. There are approximately 5 employees at any given time (other than Christmas). All are part-time but one. The business is open 10-6pm Monday to Friday and 10-5pm on Saturday. Open 12-5pm on Sundays during Christmas season.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current as of: Jul 30, 2017 / 11:21 AM