Listing ID: 80903
Well established women’s clothing boutique located in the heart of the Treasure Valley.
Specializing in Women’s high-end brands of clothing and accessories. Owner takes pride in personal styling and quality fashion for all needs and events.
Clientele consists of women from mid thirties to seniors of all sizes. Excellent High traffic location and loyal following. All inventory, fixtures, and equipment included with sale. Looking for an owner that wants to be hands on and possibly a few employees.
Sale due to retirement. This boutique is turn key and just waiting for a new owner.
- Asking Price: $139,900
- Cash Flow: $100,051
- Gross Revenue: $419,341
- EBITDA: N/A
- FF&E: $26,000
- Inventory: $75,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,100
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Owner will provide one month of training then contract labor after the first month if needed.
Owner is Retiring
The business was founded in 2018, making the business 4 years old.
The deal does include inventory valued at $75,000, which is included in the requested price.
The business has 0 employees and is located in a building with estimated square footage of 1,100 sq ft.
The building is leased by the business for $3,700 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. Nonetheless, the real factor and the one they say to you might be 2 absolutely different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in earnings, or an array of other reasons. This is why it is really crucial that you not count entirely on a seller's word, however rather, make use of the seller's solution along with your general due diligence. This will repaint a much more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new customers? Most times, operating businesses have repeat customers, which create the core of their daily revenues. Certain variables such as new competition sprouting up around the location, road building and construction, and employee turn over can impact repeat consumers and negatively impact future revenues. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? How might the regional mean home income influence future earnings prospects?