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Semi Absentee Owned Children's Boutique

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $120000
Net Profit / Cash Flow  $24000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2007
Number of Employees  1 - 3
Inventory  50000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Support/training: 2 weeks, 25 hours
Reason for Sale  Family obligations.
Description  Turnkey operation, inventory viewed at time of showing will be there when you take possession of this gorgeous children's clothing, accessories, and kids-related retail store. This is a higher end boutique, not a resale or discount store, opened during the height of the Great Recession, they have been able to maintain their pricing due to the excellent quality items often sourced locally here in Los Angeles. Their clients are willing to pay for it, as they are mostly gift purchases, typically these items are only found in stores like Fred Segal, where they are marked up another 100-200% just for that brand name. 50 percent of the sales is clothing, and 50 percent is toys and miscellaneous kids items like toys, books, shoes, etc...They deal with newborn items all the way up to 8 years old as their primary demographic. NDA is required to schedule a meeting to see the location and speak to the Seller after business hours. Facilities: Street front retail building. Co-habitates space with a preschool so there's built in clientele. Competition: Local competitors are approx. 4 miles, away, only game in town on Westside in this area. Growth/Expansion: Not really doing any advertising now, so reaching out to the community after change of ownership could draw in more traffic to the store. Financing: 70% down, balance paid over 3 months at 10%. Support/Training: 2 weeks, 25 hours per week. Reason Selling: Family obligations.
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