High End Women's Shoe and Accessories Store

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High End Women's Shoe and Accessories Store
Asking Price:
$400,000

Gross Revenue:
$1,300,000
Cash Flow:
$190,000
EBITDA:
$190,000
Inventory:
$300,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Long established high end women's shoe and accessories store commands a loyal following among a fashion conscious and wealthy clientele. All brands carried in the store are unique and famous for their quality and style. The store maintains an exclusive selling relationship with virtually all of its vendors. Not everything in the store is exorbitantly priced though. Some accessories are priced under $50. Importantly, the business' lease extends to 2022 with a 5 year renewal option, and the landlord is exceptional.

About the Business

Year Established:
1980
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
1,500
Rent:
$13,500.00 Per Month
Lease Expiration:
11/30/2022
Facilities:
Fully stocked, beautiful store.
Market Outlook/
Competition:
Other local stores carry major brands. This store is unique in its high end brand offerings. The store is #1 in its market in offering class and style.
Growth & Expansion:
The store s 40 years old so many of its clients are aging, loyal customers. The big opportunity is to tap the largely untapped market for younger wealthy women.
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About the Sale

Reason For Selling:
Time to retire and enjoy the grandchildren.
Training/Support:
From 6 - 12 months, preferably 6.

Listing Info

ID:
1626188
Ad Detail Views:
0

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Business Listed by

John Hornblower

VR Business Brokers Aspen, CO
License# ER100051568

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