This independent luxury fashion retailer has served an upmarket clientele for over 30 years. The store has an outstanding reputation and an enviable list of upscale- to elite-level customers. Carmel-by-the-Sea is a world-renowned visitor destination in the beautiful Monterey Peninsula area. This business is in the best possible location in the downtown shopping area, surrounded by restaurants, galleries, and other fine shops. The owner has nurtured relationships with the best designers and suppliers, with a well-curated selection of clothing, shoes, jewelry, and accessories. Many of the products are exclusive. Loyal customers are local, nationwide, and international.

The owner has worked hard to turn this fashion business into a reliably profitable turn-key powerhouse. The business has thrived and expanded since inception, and 2024 had record revenue and record cash flow.

This business is unmatched:
+ Long established with reliable and growing financial performance.
+ High demographic customer base – these customers can buy what they want even during economic fluctuations.
+ Lasting-value brands and products for upmarket customers – not vulnerable to the erratic shifts of mass-market fashion.
+ Great designer and supplier relationships – they want to be in this store.
+ Unique and defensible market position – for a competitor to successfully replicate the business is virtually inconceivable.
+ Beautifully appointed premises in the best imaginable location.
+ Experienced team in place for both sales floor and back office.
+ Well organized. Clean and complete books and records. Comprehensive tracking of customer data.
+ And with upside! Just one example: Online sales are growing but currently only 4% of total.

The owner is ready to retire and pass this spectacular enterprise into new hands and will work with you to achieve a successful seamless transition.

Inventory is in addition to the business purchase price. Typical inventory is $3M at cost.

Please respect that discretion is of the utmost importance. Prospective buyers must sign a non-disclosure agreement and provide a satisfactory summary of financial capability and relevant business experience.

Contact Carmel Business Sales today for more information.