New
Womens Clothing Boutique
A Women's retail shop providing clothing for a targeted market of 30 years and up. Inventory style is comfortable with a combination of casual and classy accessories. Accessories are either high-quality to dress up for a special event, or trendy for day-to-day wear. The shop is located in an upscale neighborhood high traffic retail mall with many repeat customers and walk in traffic. Having been in business for almost 30 years, they have a proven track record of success and repeat clients.
This is a well-maintained family-owned business, with excellent customer service comments and reviews, online. It is not like a large chain clothing store, so the service that they provide is personable with enough salespeople to cater to the individual's needs. When you walk in, you are greeted and given the attention you need.
Sales Price does not include inventory of approximately $80,000, and it changes constantly because of the quick turnover of clothing items.
They have many community events, and a social media presence and there is opportunity to grow the online business.
There is a Non-Compete Clause for 5 years within a 25-mile radius.
Systems used: Shopify POS, QuickBooks Enterprise, QuickBooks POS and Payroll, MS Suite Word & Excel
Other: Canva, Five Stars texting, Barcodes
If you have thought of owning your own clothing store, do not let this one pass you by!
Listed By: Carol Bennett
Background information
Reference:
55005
Year established:
1995
Reason selling:
Retirement
Finance
Sales:
$600,000
Profits:
$48,000
Profit type:
Discretionary Earnings
Operations
Employees:
7
Equipment:
List will be provided upon request
Inventory:
approximatley 80-85,000 and changes constantly
Furniture fixtures and equipment:
43,000
Premises
Facility:
Strip Mall Location
Square footage:
1,611
Rent and lease terms:
$7,667.45 includes base, CAM, Taxes & Water
Location:
Central Valley
Opportunities
Growth:
Key External Drivers that are all positive according to IBIS, February 2024, Consumer Spending, Total Retail Sales, Number of adults aged 20-64. This store caters from the ages of 40 ++.
Market:
Per February 2024 IBIS Report, Women's Clothing is an $82.7bn business and Accessories are $17.7bn. This store has both clothing and high-quality accessories.
Price and terms
Price:
$110,000
Down payment:
$20,000
Financing:
Cash
Training:
Seller will provide training for 4 weeks at 10 hours per week.