Contemporary Clothing for the Fashion Enthusiast

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30572099
Property Subtypes: Clothing and Fashion
Building Size (RSF): 1,965 SF
Sale Price: $210,000
Year Business Established: 1999
Gross Revenue: $460,000 (Annual)
Cash Flow: $75,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to Seller. Seller note negotiable.
Last Updated: 3/30/2020

Overview / Comments

First time on the market, this successful women's boutique is known for small town service with big city style. This gorgeous retail store offers a curated collection for the discriminating shopper. "We've done the shopping for you" means this shop carries high end apparel for all occasions. Over the past twenty years the owner has carefully assembled all the right brands, styles, and products based on what consumers want, creating a loyal clientele and reliable sales volume.

This is a turnkey opportunity with a fantastic (leased) location along main retail corridor of an award-winning downtown. Access to a location like this is by invitation only by the landlord. The economy is thriving here and the bustling downtown is expanding. The store has excellent street visibility and foot traffic. It's fun to work where the action is! Ask the listing agent for details today.

Additional Details

Industry Segment: Clothing and Footwear Retailing
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $25,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 2000 sf in downtown shopping district. Street parking and sidewalk at front with city lot behind building. Small office, kitchen, fitting room area. Accessible to all. Buyer to negotiate new lease with landlord.
Employee/Labor Description: Long-time trained employees
Mgmt/Training Support Description: Seller training available
Competition/Market Description: This bustling downtown draws tourists, visitors, and summer cottagers. The mix of shops, restaurants, and businesses provide a steady flow of traffic on this main artery through town. While online shopping is becoming more popular, many still prefer the experience of shopping and appreciate the fitting advice of professional clothiers.
Growth/Expansion Opportunities: A new owner could expand the online presence and offer online sales.
Seller Financing Description: Negotiable with a minimum of 40% down, payments over 24 months. Contact LA for details.

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