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Upscale Footwear, Clothing and Gift Store
| Asking Price: | $690,000 | Inventory: | $220,000 ++ |
| Gross Revenue: | $846,000 | Real Estate: | n/a |
| Cash Flow: | $197,000 | FF&E: | $15,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This sheepskin footwear, accessories and gift store is located in a picturesque north Idaho resort town on a large lake and has been a local institution for over 25 years. The locals call it "The UGG Store" for its wide selection of fast-selling UGG Australia brand sheepskin boots. It has a strong online business with limited competition as UGG is not allowing any new online dealers. Business operations are automated and streamlined requiring only one full time worker year-round and one temp worker during the holiday season to pack and ship orders. Over the last three years sales have grown over 90%. Business is highly seasonal allowing time to enjoy all the North Idaho summer recreational opportunities such as golfing, fishing, watersports and mountain biking. In the winter there is a highly rated ski area nearby and snowmobiling for year-round recreation and sales of sheepskin footwear and accessories.
About the Business
Year Established:1984
Employees:1 full time -
Facilities:The storefront is located on the main highway through town. The location is highly visible in the tourist shopping and dining district.
Market Outlook and Competition:Online competition is limited as UGG is not allowing any new online dealers. There is no brick and mortar competition as UGG has reserved North Idaho for this business. The new owner could expand to a broader selection of UGG Australia styles and/or add youth sizes. Add an additional store in nearby Coeur d'Alene. Expand sales with drop shipping from other manufacturers with no inventory cost!
About the Sale
Management Training and Support:Four weeks training included.
Reason For Selling:Owner is relocating
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