Listing ID: 79134
This Boutique Women’s and Children’s Clothing store has been a long-standing tradition on Sanibel Island. Located in a prime spot in one of the busiest shopping centers on the island, this shop gets tons of foot traffic. A new owner could easily accelerate growth by focusing on the business’s online presence. Lots of seasonal customers express a desire to purchase from the store while they are out of town, something that the current owner is doing little of at this time. A number of the brands that they offer are not sold anywhere else on the Island. The store currently has six employees and may be eligible for an E-2 Visa buyer. Don’t miss out on this great opportunity to own and grow this Barrier Island Boutique!
Call 800-648-2620 for more information.
Check out the video: https://youtu.be/QSVvf6PXufE
- Asking Price: $260,000
- Cash Flow: $64,700
- Gross Revenue: $582,747
- EBITDA: N/A
- FF&E: N/A
- Inventory: $210,000
- Inventory Included: Yes
- Established: 1979
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Busy Shopping Mall
Seller will provide two weeks of familiarization to the new buyer at no cost.
Market: Women and Children
Growth: Increase the business' online presence
The company was founded in 1979, making the business 43 years old.
The transaction will include inventory valued at $210,000, which is included in the requested price.
The company has 6 employees and is situated in a building with disclosed square footage of 1,700 sq ft.
The real estate is leased by the business for $9,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nonetheless, the true factor vs the one they say to you may be 2 totally different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competitors, recent reduction in profits, or a range of other factors. This is why it is really important that you not depend entirely on a vendor's word, however rather, make use of the vendor's answer along with your total due diligence. This will repaint a more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that in some cases this can indicate that revenue margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new customers? Most times, businesses have repeat customers, which create the core of their everyday revenues. Particular elements such as brand-new competition growing up around the area, road building, as well as employee turn over can impact repeat clients as well as adversely influence future earnings. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the possibility to build a returning customer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional typical household income effect future earnings prospects?