Pretty island boutique on beautiful St. Simons Island

Saint Simons Island, GA (Glynn County)

Boutique interior

Asking Price:$19,000

Cash Flow:N/A

Gross Revenue:$20,000

EBITDA:N/A

FF&E:$10,000

Inventory:$20,000

Lease Rate/Sq. Ft.:$12.30

Established:N/A

Pretty island boutique on beautiful St. Simons Island

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Business Description

Sunshine Boutique is a relatively new boutique selling women's clothing and accessories, jewelry, decorative glassware and ceramics and other odds and ends catering to the island lifestyle.
During the process of renovating the space and beginning to market the store, the owner discovered that she was pregnant and has not been able to operate the store full time during her pregnancy and maternity leave. Now that the baby has arrived she has decided to sell the store to devote her attention to her child and is anxious for an offer!. The store is offered at much less than the actual out of pocket cost of space renovations, furniture & fixtures and inventory. This is a great opportunity to get into the island boutique business while avoiding most of the start-up hassles.
Sales are arbitrarily low due to closings during the pregnancy and maternity leave and not indicative of the store's potential.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
780
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The boutique is beautifully outfitted in 780 square feet of leased space. Monthly overhead is low with rent at $800 and an additional $250 for utilities. The shop has cameras and a security system installed. Additional photos are available upon request.
Growth & Expansion:
The boutique is located in a highly visited retail shopping area with many specialty boutiques. The new owners could easily modify the product offerings to feature a different retail niche.
Support & Training:
As needed.
Reason for Selling:
Care for new baby.

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Roy "Te" Turner

Business Listed By:
Roy "Te" Turner

Don Wright & Associates

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Sponsoring Broker:
Don Wright

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