Franchise Clothing Store in Tidewater Area

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Earn over $300K Annually!
Asking Price:
$795,000

Gross Revenue:
$1,050,000
Cash Flow:
$300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$50,000
not included in asking price

FF&E:
$20,000
included in asking price

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Business Description

Light & Raphael is pleased to offer for sale a well-respected and growing women’s clothing franchise store in Tidewater, Virginia. The store has a loyal following and continues to grow its sales annually. This is the most successful store in the franchise’s system. The business is run largely self-sufficiently with the manager and a new owner could either run the store or opt to continue the current ownership model. The store is located in a popular shopping center.

About the Business

Year Established:
2010
Real Estate:
Leased
Building Sq. Ft.:
1,600
Rent:
$23.00 Per Month
Facilities:
Location is leased at a popular shopping center.
Market Outlook/
Competition:
Globally, women’s apparel is an enormous industry that is continuing to grow. Worldwide, the clothing industry is expected to see double digit growth through 2020, growing by as much as 17.2%. As the millennial generation—which is bigger in number than the baby boomers—continues to get older and enter into prime spending years, their spending on clothing is expected to increase.

Indeed, apparel is the biggest sector in the entire retail industry, generating the most revenue. In 2013, women’s apparel sales equaled a whopping $116.4 billion, and that number is only going to grow. Women spend more than any other demographic on clothing and fashion, so investing in a clothing franchise is a smart way to tap into this industry.
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About the Sale

Reason For Selling:
Owner wishes to retire.
Training/Support:
Seller will provide support and training following the sale.
Seller Financing:
SBA financing possible for a qualified buyer.

Listing Info

ID:
1565798
Ad Detail Views:
162

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Business Listed by

Gavin Raphael

Light & Raphael

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U.S. Census Data for Virginia
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Virginia
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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