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Overview

Clothing and Accessory Stores

Well Established and Profitable Luxury Fashion Boutique

Price: $80,000

Listing ID: RETAIL13

Entity Classification(M): S-Corp

Year Established: 1998

Annual Sales: $184,667

Seller Discretionary Earnings: $31,959

FF&E: $4,900

Days & Hours of Operation: Wednesday – Saturday 12 pm – 5 pm or private appointment

Part-Time Employees: 1

Contractors: 0

Reason For Sale: Other Interests

Reason for Sale Comments: Owner pursuing other interests

Limited Seller Financing: Seller will consider some financing to the right qualified buyer.

Listing Status: Active


Summary

Description:

Are you ready to step into the world of luxury fashion and entrepreneurship? Look no further than this exquisite opportunity to acquire a renowned retail clothing business. Since 1998, our luxury micro boutique has been a beacon of style and sophistication, standing tall as one of the longest- standing brands at the lake. With a dedicated focus on personalized customer experiences and an exclusive selection of top-tier brands, this turn-key business offers a seamless transition into the world of high-end fashion. Key Highlights: • Exclusive Brand Partnerships: Benefit from exclusive rights to coveted brands ensuring a unique offering that sets you apart from competitors. • Community Engagement: Drive business growth through collaborations and events with other local businesses, fostering a vibrant and supportive community. • Established Customer Base: With 704 customers in the Shopify register and a growing email list of 450 subscribers, tap into a loyal customer base spanning both local and out-of-state markets. • Owner Operator Opportunity: Ideal for entrepreneurs seeking a second location for their existing store, this business offers a seamless transition and limitless potential for growth. • Turn-Key Operation: From inventory management to customer relations, step into a fully operational business primed for success. As the proud custodian of this distinguished retail establishment, you'll have the opportunity to continue the legacy of personalized service and exceptional style. Don't miss out on this rare chance to own a piece of the fashion industry while making your mark in the world of luxury retail. Inquire today!

Historical Summary:

Original store was founded in 1998, and current owner became a 50% partner in 2007, and purchased outright in 2012.

Competition:

With many competitors in the market area, this business competes on the basis of services offered: Home delivery, private sales, gifts with purchase, and styling services.

Growth & Expansion Opportunities:

There are many ways to expand this business, and is an ideal 2nd location for an already existing brand.

Owner Qualifications:

Personal relationship skills to continue working with clients, purchasing skills, and managing inventory “open to buy”, and maintaining good vendor relationships

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Joe Vagnone

Senior Broker – Charlotte, NC

Office: (919) 341-1100

Cell: (704) 577-8030

Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Unique location inside an upscale, luxury multi-business, free-standing unit

Real-Estate: Leased

Facilities Type: Commercial Center

Monthly Rent: $1,600

Facilities Description:

3 room studio totaling 489 square feet.
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