Listing ID: 82341
A large inventory of fashions from from small to 3X sizes, picked from the best designers from all across the country. East coast styles, West coast styles, and everything in between! Located in a very high traffic area, however the lease is month to month, so you can easily move the inventory to your own location! Business also includes a fully functional retail website to order and sell clothing. Currently the business does no real advertising, some investment in advertising could make a huge bump in sales.
In the immediate area, there are not many other boutique shops. In Lincoln, there are more than a few scattered throughout town. The styles of the owner are unique to this shop.
The business needs investment in advertising to grow, currently it does not advertise at all. If a buyer has their own shop currently, could be a massive additional to your current inventory
- Asking Price: $85,000
- Cash Flow: N/A
- Gross Revenue: $11,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $50,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The transaction does include inventory valued at $50,000, which is included in the suggested price.
The business has 1 employees and resides in a building with approx. square footage of N/A sq ft.
The building is leased by the business for $800 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. Nevertheless, the true reason vs the one they tell you might be 2 entirely different things. As an example, they may claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or a variety of other reasons. This is why it is really vital that you not rely entirely on a seller's word, however rather, use the seller's response along with your total due diligence. This will paint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that profit margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their everyday revenues. Particular factors such as new competitors growing up around the location, roadway building and construction, and also employee turn over can impact repeat clients and negatively influence future profits. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? How might the regional mean house income influence future revenue potential?