Price Slashed $150k! Profitable Fashion Boutique; Palm Beach County FL
Family Obligations Force Sale - Price Slashed $150k!! All Offers Considered!
(Seller's Discretionary Earnings)
included in asking price
included in asking price
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Price Slashed $150k!! $300k Owner Benefiit with squeaky clean financials for a smooth SBA loan! Offered for sale is a turn-key highly exclusive and profitable woman’s boutique. The store carries an eclectic and international compliment of unique, higher price-point designer apparel, shoes and accessories of the highest quality and construction. Also, this boutique offers an ideal situation for an SBA purchase, potentially with a modest 20% down payment (depending on the buyer's financial details).
The finances are as impressive as the store: The boutique generated close to $800,000 in high-margin sales for 2017. The average/top 25 client tickets are apx. $400/$1000 and the store generates an impressive $317 per ft. annually in EBITDA.
The store's clientele are extremely loyal and account for 50% of sales as regular, repeat business.
The growing business is well-known and respected by the affluent community surrounding the shop with an extremely loyal customer base. The store holds a client book of over 4,500 (including contact info, email and phone #).
In place is a knowledgeable, driven staff capable of handling the buying and day-to-day operations. The e-commerce website and marketing is also handled internally. All staff are loyal, competent and happy in their work.
Also, the industry standard CRM/inventory management and operations software “Lightspeed” is fully integrated into the operations of the business, with full client information, purchase history/details, individual branding sell-through reports, successful email marketing campaigns, and much more. This will assure a truly turn-key and efficient transition of ownership.
The boutique comes with a detailed guidebook regarding store procedures, comprehensive vendor information and all things related to the day-to-day operations and client interaction. This assures consistent experience from the staff to the clients and vendors; an easy transition for a new owner. This well-oiled operation allows the new owner to work as little or much as they please.
The timing couldn’t be better to acquire this thriving boutique. It is still rapidly climbing the growth curve with plenty of room to go.
About the Business
Contact the Seller
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Rent is very favorable at ~25% lower than a new tenant could negotiate. This turn-key highly exclusive and profitable woman’s boutique is strategically located in a high-traffic/high visibility area of a popular and bustling open-air mall with a concentration of discerning and deep-pocketed clients. There is two years remaining on the lease, with an option to renew for five additional years.
The owners have forged very favorable supplier relationships due to their high purchase volume and this will convey to the new owner. Most of the key suppliers of brands and full collections even provide the store exclusivity and "zip-code protection" (this applies to ~70+% of lines).
Growth & Expansion:
There is already strong proof of concept for expansion: The owners expanded the store in 2015 from 600 to 1000sf and were able to stock more lines and categories (primarily designer shoes). As a result the sales went from $466k to $750k following the expansion, and hit nearly $800,000 in 2017. Also, additional stores and more of a regional branding effort may be advisable and highly profitable now that the current owners have created such a strong brand and following.
About the Sale
- Reason For Selling:
Owner is retiring
The owners will stay on for at least 30 days to substantially assist in a transition, support, introductions to key suppliers/vendors/staff/clients and train a new owner on the powerful and very efficient software system that automates and streamlines much of the boutique's operations, customer relations and more...
- Seller Financing:
SBA financing w/ ~20% down: Store has strong financials which lenders love!
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