Seller Financing Available
This retail store specializing in dance clothing and shoes for adults and children and yoga/lifestyle clothing for women has been continuously operating in Northern Colorado for 30 years. Over the past 3 years gross revenues have increased an average of 8.3% per year, and discretionary cash flow has increase an average of 10.4% per year. Since current owner purchased the existing business in late 2002, gross revenues have increased every year except during the economic downturn in 2008/2009. Average year on year growth for these 8 years is 11.9% per year. Addition of yoga, fitness and lifestyle clothing in 2005 has greatly enhanced the growth, with this department now accounting for 17-18% of revenue.
Upgraded POS software and fully redesigned website with online shopping are in development and will be included in the purchase price.
The top categories for sales based on the past 3 years averages are:
Adult leotards and dance clothing, 22%
Children s shoes and dance clothing, 18.6%
Yoga and Fitness clothing, 17.2%
Adult ballet slippers and Pointe shoes, 17.3%
Miscellaneous Women s dance shoes (tap, ballroom, lyrical, etc) 15.6%.
The fastest growing category over the past two years is Children's shoes and dance clothing. Other items sold are accessories (bags, pointe shoe comfort products, hair accessories, books), and Men s dance clothing and shoes.
Pointe shoe sales create a specialty category for the store. Specific training and expertise are required to correctly fit pointe shoes.
The business operates out of a 1261 square foot retail space inside an enclosed shopping center in a vibrant , active retail downtown with many other complimentary retail stores. Interior design by Ogelsby Sherman Design and Hixon Interiors is bright, fun and flashy. Current business owner owns the condo retail space. Lease rates are anticipated to be $1500-$1600/mo. Parking is ample on the street and in adjacent city-owned parking garage. Purchase of the real estate is possible through owner financing or lease to own.
This is the only full-service dance store in Colorado north of Boulder, CO and south of Casper, Wyoming. Customers are represented from Wyoming, Nebraska, Kansas, South Dakota and Colorado. A loyal customer base and a good working relationship with 8-10 large dance studios in the area contribute to the success of the business. Online dancewear discounters are the biggest competitor for dance supplies, while local yoga studios and gyms with clothing boutiques are competition in the yoga, fitness and lifestyle arena.
Continued growth in women s yoga/lifestyle clothing is expected for many more years. Dance is currently very popular in the region and US with the creation of several dance related reality TV shows. Dance competitions and performances in Northern Colorado are increasing, and new dance studios open every year. Untapped markets include a more aggressive online presence, cheerleading, competition dance conventions, costume supply to competition dancers, Zumba and other dance related fitness regimes, and increased sales of women s lifestyle clothing.
Owner will provide up to 3 months of training and support during the transition.
Owner desires a lifestyle change.
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