Well-Known & Established Consignment Boutique in Northern Virginia

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Strong Revenue Growth with Impressive Cash Flow!
Asking Price:
$224,995

Gross Revenue:
$555,826
Cash Flow:
$112,664
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$18,000
included in asking price

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Business Description

Rare opportunity to own a well-known and established consignment boutique situated in a prime Northern Virginia retail location with countless other shops, stores, and restaurants in the immediate area. The business caters to women and specializes in clothing, shoes, jewelry, and accessories from many designer brands. The shop has been the recipient of numerous “Best of” accolades from many top local publications and platforms! Consignment shopping is all about the in-store experience and this boutique delivers an upscale experience on par with the high end retailers of the DC area.

Over nearly a decade in business, the owner and dedicated staff have created a warm and inviting store with a reputation as one to the top retail boutiques in the area. The business features the latest merchandise from many upscale and premium brands at competitive prices with a unique retail business model. Consignment shops are largely insulated from economic downturns and thrive with the right people and products. The model is also protected from e-commerce retailers as shoppers want to see the products in person before they purchase. There is a robust clientele with a healthy combination of new and repeat customers. The store has 4K+ customers in their database and email lists along with popular social media accounts with over 10K+ followers across several popular platforms.

This is a unique opportunity for someone in the retail industry or an entrepreneur looking to own a consistently profitable business with a sustained track record of growth. The business can be run on a semi-absentee basis or with a full-time owner/operator in lieu of a manager. There is an attractive lease in place with 5 years remaining on the term as well as an additional 5-year option. Don’t miss this chance to take over a business in an affluent and growing market that’s set up for success.

About the Business

Year Established:
2009
Number of Employees:
11
Real Estate:
Leased
Building Sq. Ft.:
2,000
Rent:
$2.90 Per Month
Lease Expiration:
6/30/2023
Facilities:
The business occupies a two-story retail storefront with 2,000 square feet of space leased for approx. $5,830/mo (including triple net and taxes). The atmosphere is welcoming, clean, and nicely appointed. The space is outfitted with high end shelving, racks, and displays that provide a number of interchangeable options.
Website:
www.horizonbrokers.com
Market Outlook/
Competition:
There is very limited direct competition. There are a number of upscale retail shops nearby, but this business serves a niche market and demographic. The business is uniquely situated in a strong retail area but benefits from the presence of other shops and stores.
Growth & Expansion:
There is ample room for a new owner to continue to grow and expand the business. The owner has achieved consistent year over year revenue growth.
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About the Sale

Reason For Selling:
Owner would like to move out of the area.
Training/Support:
Seller will provide necessary training and support.
Seller Financing:
Available depending on the final sale price, terms, and qualifications of the buyer.

Listing Info

ID:
1590616
Ad Detail Views:
0

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Business Listed by

Michael Wade

Horizon Business Brokers, LLC

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Sponsoring Broker:

Dustin Zeher, CBI
Horizon Business Brokers, LLC

U.S. Census Data for Fairfax County, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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

U.S. Community Survey Data for Fairfax County, VA
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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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