Sherman Oaks Niche Market Specialty Clothing Boutique

Sherman Oaks, CA (Los Angeles County)

Sherman Oaks Niche Market Specialty Clothing Boutique

Asking Price:$110,000

Cash Flow:$54,000

Gross Revenue:$200,000

EBITDA:N/A

FF&E:$10,000

Inventory:$40,000*

Established:1999

*not included in asking price.

Sherman Oaks Niche Market Specialty Clothing Boutique

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Business Description

Well-established, unique ladies shop that draws customers from the greater Los Angeles area because of its reputation for excellent customer service and quality and brand name products at very competitive prices. Medicare-approved and a contracted network provider with Kaiser Permanente and Anthem Blue Cross, this shop meets the needs of women seeking fashion items to enhance their wardrobes as well as those who are cancer survivors. The business reflects a very high level of customer loyalty and repeat business from the over 1,000 medical customers and nearly 4,600 non-medical customers while continually drawing new customers through social media exposure.

Detailed Information

Inventory:
Not included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 875 square foot retail store leases for $1,655 per month on a lease expiring September 2017. All of the business’s furniture, fixtures, equipment and approximately $40,000 in retail inventory will be sold at cost at close in addition to purchase price.
Competition:
This 17-year old retail operation uniquely caters to both the general population as well as a specific special needs market (cancer survivors) and has little direct competition within a ten mile radius of the store’s location.
Growth & Expansion:
New operators will likely seek to capitalize on this boutique’s Medicare and other insurance providers’ contractual relationships as this is a major source of repeat business from satisfied, loyal customers. Expanding the business appears to have several options including bolstering internet / web based sales, new retail locations, or the addition of complementary clothing lines.
Support & Training:
4 Weeks at 20 hrs/wk

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Vladimir Tuchinsky

Business Listed By:
Vladimir Tuchinsky

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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