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Hot Retailer With Brand, Apparel In Upscale Malls
Location Illinois,United States
Asking Price Range < $250K
Gross Revenues $180000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 10 - 19
Inventory 50000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Sellers will train incoming buyer on part-time basis for 1 to 2 months.
Reason for Sale Business needs leader with retail experience and capital to take to next level.
Description This fast-growing retail business has taken off quickly due to success of its innovative retailing concept. Profitable in 2005, the business prides itself on understanding, connecting, and resonating with teens and tweens and also with the adults who purchase apparel for that target demographic. Growing from $0 to an estimated $180,000 in revenues in less than 2 years, the business has moved quickly to establish itself as a destination of choice when it comes to purchasing edgy yet tasteful casual apparel. This retailerƒ_Ts merchandise management practices provide a sense of exclusive image and contemporary style. Together with a caring service attitude, this tuned-in differentiation brings customers back as well as friends, parents, and grandparents those customers have referred. This niche strategy allows the business to charge premium prices due to the strength and position of its brand. At one time, a second store was opened successfully, demonstrating that the retail model can be replicated beyond the original location. Business still includes fixtures and equipment from that second store, and current owners will work with new owner to setup, launch and promote a second store if desired. Founders want to maintain this momentum and are ready to place their business in the hands of a visionary, energetic leader with the retail knowledge, vision, and capital to take success to next level. Financials cited are YE 12/31/2006 projections. NOTICE: SELLER-PROVIDED DATA. BROKER HAS NOT VERIFIED. BUYER BEARS SOLE RESPONSIBILITY FOR DUE DILIGENCE.
Facilities: Store location in upscale mall in affluent Chicago suburbs; Positioned near walk-by area and gathering areas consistent with targeted customer segment. Lease rates $2750/mo for 641 sq ft.
Asking Price: $59,000. Contact for more information on this Retail Apparel business for sale.
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