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Fashionable Clothing Boutique

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $177653
Net Profit / Cash Flow  $53577
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2003
Number of Employees  1 - 3
Inventory  10000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Will train 2 weeks at 20 hours per week.
Reason for Sale  Personal.
Description  This Venice Boardwalk clothing boutique, which has built a loyal following over its nearly 10 years in business, offers its clients a varied array of edgy female and male clothing (60%/40%). The boutique boasts some of the hottest names and designs in its jeans and jackets, to t-shirts, racy undergarments and lingerie, to hats and accessories. The oceanfront boutique is in a high foot traffic area of the Venice Boardwalk and has formal or informal exclusivity on many of its labels. Asking Price $35,000. This 700 square foot facility leases for $5,500 per month including common area maintenance (CAM) expense. While the current owners have a secure lease, new owners will likely obtain a new one with options to be determined. The sale will come with approximately $70,000 in retail inventory that will be sold at cost upon the change of possession. All of the business's furniture, fixtures, equipment (including a POS and surveillance system) and established goodwill with clients and vendors alike. The Venice Boardwalk is a highly competitive retail market. This boutique, however, has developed a loyal client base of locals and tourists alike due to its niche product offerings and customized clothing products, as well as its geographic exclusivity with many of its vendors, providing it a unique and sustainable competitive advantage over other boutiques offering similar retail products. This boutique has several avenues for growth including expansion of the retail selection into shoes, swimwear or additional accessories, promotion of its online sales to tourists who visit the location or for those who seek its customized clothing products, or in any alternate direction that a new owner feels there are opportunities in. As the store's gross revenues were as high at $700,000 in 2007, new owners stand to organically benefit a great deal simply from the economy picking up.
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