Listing ID: 73562
Established in 2009, Elite Repeats Clothing Boutique is an upscale reseller of high-quality women’s clothing and accessories and vintage clothing. Located in the heart of Downtown Willoughby for 12 years, Elite Repeats has a loyal customer base both in-store and online, and fashionable sellers whose personal wardrobes keep the store stocked with up-to-date, fashionable clothing that appeals to a broad variety of customers.
- Asking Price: N/A
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2009, making the business 13 years old.
The business has 2 employees and is situated in a building with estimated square footage of N/A sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. Nevertheless, the true factor vs the one they say to you might be 2 totally different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a variety of various other reasons. This is why it is very important that you not depend entirely on a seller's word, but rather, utilize the seller's response in conjunction with your general due diligence. This will repaint an extra realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover items like stock, payroll, accounts payable, etc. Remember that sometimes this can indicate that earnings margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new customers? Often times, operating businesses have repeat customers, which develop the core of their everyday revenues. Specific variables such as brand-new competition growing up around the location, road construction, and also employee turn over can influence repeat clients and also negatively affect future earnings. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the greater the chance to construct a returning client base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? How might the regional typical home earnings effect future income prospects?