Tango Apparel

Morro Bay, CA (San Luis Obispo County)

Tango Apparel on the bay

Asking Price:$159,000

Cash Flow:N/A

Gross Revenue:$300,000

EBITDA:N/A

FF&E:$30,000

Inventory:$60,000

Rate/Sq. Ft.:N/A

Established:2011

Tango Apparel

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Business Description

Our apparel store is part of an upscale complex of galleries, restaurants and unique shops located right on the bay at the Marina Square . Our patrons are a mix of locals and tourists who can take advantage of our inclusive complex with whale watching, kayaking, wine tasting, restaurants, and of course shopping for ladies apparel.
We offer our patrons a cozy and friendly environment while shopping for quality, comfortable, designer apparel. We also have many accessories including jewelry , hats, and scarves are our speciality.
We have a mature and seasoned sales staff in place and Tango is a friendly environment to work. The store is such that one person can operate it, and as the owner, you have the option to work as much or as little as you want.
It is fun to be in the "mix" and you will be your own boss. The clothing trade shows are fun and you will meet a lot of great people in this business.
There is plenty of lease left and the management would probably negotiate a new lease with the new owner.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
930
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Marina Square complex was built in 1993 and is a two story building. We are on the ground level with views of the bay and sandpit from our windows. The store is light and airy with plenty of windows and two doors. The store is ~930 sq ft with a storage room and two dressing rooms. We have a custom built counter and shelves and utilize slat wall and chrome clothing racks for our offering. The lighting is very good in the store with a mix of natural light and fixtures. We have cultured the outside with flowers for attractive ambience.
Competition:
You will not find very many clothing stores in Morro Bay, especially of the caliber of Tango. Most of our lines are specialty cut and sew designer lines and the general quality is very high. Our customer is a mature woman looking for fashionable, comfortable, clothing.
Growth & Expansion:
There are several avenues of growth and promotion: Promotional events such as fashion shows, website (selling online), development of FB site, advertising campaign,and additional stores.
Financing:
possible financing available
Support & Training:
I will be very supportive with the new owner(s): I will give six weeks training and support; I will attend the biggest clothing show in the world with you and introduce you to our current vendors and show you around, and I will give another four months of phone/email support.
Reason for Selling:
It's time to partially retire.

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Business Listed By:
RICHARD STRASSEL

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