LOWER PRICE! Woman's Clothing Boutique, Busy Main St Location

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Put Your Own Personality Into Future Inventory, Fun to Own!
Asking Price:
$125,000

Gross Revenue:
$272,000
Cash Flow:
$98,000
EBITDA:
$98,000
Inventory:
$10,000
included in asking price

FF&E:
$3,000
included in asking price

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Business Description

2018 had earnings of 98,343 on revenues of 272,690. The sales price has been lowered to 185K which means that this company is selling for 2 times the 2018 earnings. The company’s top and bottom line has steadily grown.

It is considered a fun business to own. The new owner can “put their own personality” into the future inventory while continuing to expand by using some of the space that they are not using in their store.

This business is well established and has many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. Plus this business will not change after the sale based on their reputation, inventory, and location. They have customers that they see almost every change of season.

The sales price has been lowered to 125K from 185K and now includes their cost of inventory which is currently approximately 10,000 and varies a little. The seller is willing to carry 10% to 20% of the purchase price for a qualified buyer.

Location: Main St in South Denver, CO

Brief Overview and Deal Points:

They carry many designers that are exclusive and protected within a mile radius from other retailers. The average markup on our items is 72%. The owner says that “Sourcing new brands to pick up is both fun and hard work and we have now put in place a way to brand our pieces so that our lines not only look cohesive but are protected due to the hard work we have done. We have fantastic, long lasting relationships with all of our designers which allows for not only more protection, but more flexibility with ordering. The best part about the branding that has been set in place is that a new buyer would have COMPLETE flexibility and control of finding and protecting any brands of their choosing! The designers are limitless!”

They have started to create their own brand by re-branding some of their lines. This is done by working with a specific company based in LA that 90% of our designers work directly with. By rebranding some of our designers, this will help to keep your lines exclusive to your boutique in your area. This is all done in LA and they ship directly to the store, creating no additional work to the owner.

The owners started this business in 2016. The store is open from 10AM to between 5-7PM Monday thru Friday,11-6pm on Saturdays, and 12-4pm Sundays. One of the best parts of being an independent store on Main St is that the hours and days of operations are completely at the owners direction. The new owner needs no experience and the sellers would be happy to train him/her during the transition period after the closing.

The store is 2000 square feet and the gross lease rate is 5,100 per month, no triple net. The lease is up January 31 2020 which means there is a little less than 1 year left on the lease. The building has recently turned over and the new landlord has indicated that he wants to split the space up which will not work for this business. They have identified 2 other spaces currently available on the same street with similar rent to what they are paying now. The buyer would have almost a full year to decide whether they would like to stay in downtown Littleton or move to any location of their choice with ease due to the social media following and incredible reviews. All suburb main street locations have great drive by and great foot traffic. For this reason, they have just agreed to lower the price from 195K to 125K.

Marketing and Growth Potential: They don’t do any traditional outgoing advertising like newspaper, radio, or mailers. Just referrals, walk ins, social media, and a customer relationship management system that is automated that brings in several thousands of dollars a month with ease to not only the owner, but to the customer as well. They get some traffic to their website which is well positioned on the internet along fanta

About the Business

Year Established:
2016
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$5,100.00 Per Month
Lease Expiration:
1/31/2020
Facilities:
The store is 2000 square feet and the gross lease rate is 5,100 per month, no triple net. There is 1 year left on the lease and the landlord has expressed interest and is open to discussion for extending, making this a low risk opportunity. The buyer would have a full year to decide whether they would like to stay or move to any location of their choice with ease due to the social media following and incredible reviews. The location has great drive by and great foot traffic. They get a lot of exposure in this location. The store has a great floor plan but it can be improved upon. The store has security camera hookups available and plenty of parking. It can accommodate more employees and future growth.
Market Outlook/
Competition:
It is considered a fun business to own. The new owner can “put their own personality” into the future inventory while continuing to expand by using some of the space that they are not using in their store.
Growth & Expansion:
Marketing and Growth Potential: They don’t do any traditional outgoing advertising like newspaper, radio, or mailers. Just referrals, walk ins, social media, and a customer relationship management system that is automated that brings in several thousands of dollars a month with ease to not only the owner, but to the customer as well. They get some traffic to their website which is well positioned on the internet along fantastic reviews. They don’t sell anything online but they have set up the boutique so that new owner would have easy capability to add online sales. Adding locations could be a longer term way to grow the business along with online sales.
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About the Sale

Reason For Selling:
The owners want to start families.
Training/Support:
The owners will stay as long as needed.
Seller Financing:
up to 20%

Listing Info

ID:
1602460
Ad Detail Views:
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Business Listed by

Jeff Chapman Eisnaugle

Business Broker Colorado
License# 100054090

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