Business Overview

This boutique clothing store with 20+ years of history is located conveniently in a high traffic intersection in the near western suburbs. The store offers high fashion for both men and women. Everything from coats (leather and formal), suits, formal wear, shoes, hats, furs and faux. This store has it all, including a loyal client following. The merchandise alone is worth a look in this clean layout. Huge growth potential with any online, social media, and/or e-commerce marketing that has not been done to date. A MUST SEE listing for anyone looking to get into or expand their clothing retail business!

Financial

  • Asking Price: $250,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $150,000
  • Inventory Included: Yes
  • Established: 2002

Detailed Information

  • 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
Is Support & Training Included:

2 weeks

Purpose For Selling:

other opportunities

Additional Info

The company was started in 2002, making the business 20 years old.
The transaction will include inventory valued at $150,000, which is included in the requested price.

The business has 2 employees and resides in a building with approx. square footage of N/A sq ft.
The building is leased by the company for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell companies. However, the true factor and the one they say to you may be 2 absolutely different things. For instance, they may state "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other reasons. This is why it is really important that you not rely absolutely on a vendor's word, however instead, make use of the vendor's response along with your overall due diligence. This will repaint a much more sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that earnings margins are too small. Lots of businesses fall into 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 think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in new customers? Most times, companies have repeat consumers, which develop the core of their day-to-day profits. Specific aspects such as new competitors growing up around the area, roadway building and construction, as well as employee turnover can influence repeat customers and adversely affect future revenues. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the regional median home earnings impact future income prospects?