Business Overview

This Franchise had a 38% increase in net profit from 2020 to 2021 It is a very well established and profitable women’s fashion boutique located in one of the fastest growing towns in the state. The owner runs it from her home. It is truely a turn key operation. The boutique offers branded fashion apparel, jewelry, handbags, accessories, and gifts with great appeal to the local market. Store size is 1,700 sq. ft. with ample parking. Since its inception in 2018, this is store is consistently in the top 10 out of over 70 stores nationwide. It has made the Entrepreneur Magazine’s Top 500 List seven straight years since 2009. This is a semi-owner absentee business with an experienced and highly motivated sales staff. https://apricotlane.csquaresocial.com

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Financial

  • Asking Price: $389,000
  • Cash Flow: $213,555
  • Gross Revenue: $796,248
  • EBITDA: N/A
  • FF&E: $40,000
  • Inventory: $40,000
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,700
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

family

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was established in 2018, making the business 4 years old.
The transaction doesn't include inventory valued at $40,000*, which ins't included in the requested price.

The business has 12 employees and resides in a building with approx. square footage of 1,700 sq ft.
The real estate is leased by the business for $4,600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. However, the real reason vs the one they tell you may be 2 completely different things. As an example, they may state "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competition, recent reduction in profits, or an array of various other factors. This is why it is extremely essential that you not count absolutely on a seller's word, yet rather, use the vendor's answer combined with your overall due diligence. This will repaint a much more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover points like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract new clients? Most times, businesses have repeat consumers, which develop the core of their day-to-day profits. Certain variables such as new competitors growing up around the location, roadway construction, and also employee turn over can influence repeat consumers as well as adversely affect future incomes. One essential thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the possibility to develop a returning consumer base. A final idea is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the local mean home earnings impact future income potential?