Listing ID: 82254
Well established locally owned women’s clothing boutique store for sale in Central Iowa. Sell sizes from small to 3x.
This trendy boutique also carries jewelry, home decor, greeting cards, soy candles, soap and more.
Sales have seen a steady growth in sales over the past three years.
Call today for more information!
- Asking Price: $38,500
- Cash Flow: N/A
- Gross Revenue: $97,776
- EBITDA: N/A
- FF&E: $2,000
- Inventory: $4,250
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
1,000 sq. ft facility.
The venture was established in 2019, making the business 3 years old.
The sale does include inventory valued at $4,250, which is included in the asking price.
The company has 2 employees and is located in a building with estimated square footage of 1,000 sq ft.
The property is leased by the company for $900 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the genuine factor and the one they say to you may be 2 completely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is very essential that you not depend entirely on a seller's word, yet rather, make use of the seller's solution along with your overall due diligence. This will paint a much more practical picture 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 need to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover items like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new consumers? Many times, businesses have repeat consumers, which create the core of their everyday earnings. Specific aspects such as new competition sprouting up around the area, road construction, as well as personnel turn over can impact repeat consumers and also negatively impact future earnings. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to develop a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood median household income effect future income potential?