Asking Price: $224,995 Gross Revenue: $555,826Cash Flow: $112,664 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $18,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
$2.90 Per Month
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.
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.
Well-Known & Established Consignment Boutique in Northern Virginia
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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