Listing ID: 83317
This ladies apparel business has been a staple in the community for over 70 years. The merchandise ranges from moderate to high end clothing, shoes, and accessories. The boutique is located in a thriving high traffic strip center.
The long lasting exposure this women’s clothing store has in the community, it has become the go to shopping destination for women who are in need of date night dresses, back yard party blouses or any statement accessory for their outfits.
It is your time to take over this well run and established business! Businesses well connected to the community as this one do not come on the market often. Imagine where you can take this business by simply incorporating a website or online shopping portal!
In 1949 this family business was started by a local family. Today the business is still owned and operated by the same family. The store originated in a downtown location and moved to the present location in 1990.
Competition is rare in a business with this tenure in the marketplace.
Online retail store and social media marketing could take this business to the next level.
- Asking Price: $75,000
- Cash Flow: $13,929
- Gross Revenue: $125,806
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $29,000
- Inventory Included: Yes
- Established: 1949
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,980
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The business was founded in 1949, making the business 73 years old.
The deal will include inventory valued at $29,000, which is included in the listing price.
The business has 3 employees and is situated in a building with disclosed square footage of 1,980 sq ft.
The building is leased by the company for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the true factor and the one they say to you may be 2 entirely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or a variety of various other reasons. This is why it is really vital that you not depend completely on a vendor's word, however rather, make use of the seller's answer together with your overall due diligence. This will paint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover points such as stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that profit margins are too thin. Many organisations fall under 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 consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new consumers? Most times, operating businesses have repeat consumers, which create the core of their everyday earnings. Particular factors such as new competitors growing up around the area, road building and construction, and personnel turn over can influence repeat clients and also negatively influence future earnings. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the opportunity to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the regional mean home earnings influence future revenue prospects?