Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price	$150,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	2004
FF&E	$50,000*	Employees	7

* included in the asking price

** not included in the asking price

King & King Business Advisors have been engaged by the owner of this retail boutique to help find a suitable buyer for all of the business assets. Founded in 2004, this central Maryland retail boutique has enjoyed significant acceptance by the immediate neighboring community. As a result of recent print and radio advertising campaigns the business has started to draw from an even larger customer base across four central Maryland counties. In September of 2007 fire destroyed the building that housed this retail boutique. Recognizing that these "Main Street" businesses are the life blood of the town s economy, the city mobilized quickly setting up temporary facilities for the displaced businesses not far away from their original location. During the period of time the business has been temporarily displaced they have continued to grow at a significant rate. Annual revenues have been growing consistently since it s inception. In 2005, (the first complete calendar year / financial reporting period), the Business generated gross revenues of $141,326. In 2006 revenues grew by over 12% to $158,264. In 2007, arguably a very tough year for many retail businesses, revenues grew over 14% to $180,345. Looking at the first four months of 2008 and comparing them to the same four month periods in 2005, 2006, 2007 respectively the Business revenue grew at a rate of 56% in 2006 over 2005, a revenue growth rate of 31% in 2007 over 2006, and in the first four months of 2008 the Business revenue grew 93% over the same period in 2007. It should be noted that many retailers experience a significant drop in sales during this period immediately after the holiday buying season. For more information about this opportunity make your inquiry through this website. Once we receive your confidentiality agreement you will be sent a Confidential Business Review with detailed information about the business.

Facilities: Business is currently located in a temporary facility. A brand new modern space will be available in September 2008 and the business will then return to it's permanent location. Once completed, the new facility will have approximately 1,800 +/- sq. ft. of retail space with a 14 foot +/- ceiling height and ample inventory storage space to accommodate future growth. The rent will be $2,500 plus CAM.

Growth/Expansion: There are many contributing factors that have made this business a success. The dedication and commitment of its owner to persevere through some very turbulent times has been critical. Other equally important factors are the owner s keen eye and fashion sense in selecting the inventory for the boutique along with her adept negotiating skills which have enabled her to secure very favorable purchasing terms from the suppliers/manufacturers of the goods they sell.

Financing: Seller will consider all reasonable offers.

Support/Training: Seller will train the buyer as needed.

Reason Selling: Other business interests.