Trendy Boutique and Salon on Littleton, New Hampshire's Main Street

Littleton, NH (Grafton County)

Seller Financing Available
Trendy Boutique and Salon on Littleton, New Hampshire's Main Street

Asking Price:$39,900

Cash Flow:$32,935

Gross Revenue:$118,182

EBITDA:N/A

FF&E:$25,167

Inventory:$18,000*

Established:1995

*not included in asking price.

Trendy Boutique and Salon on Littleton, New Hampshire's Main Street

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Business Description

This business has been in existence since 1995, created by the current owner, who added on the salon and lifestyling portion of the business in 2004. It operates as a Sole Proprietorship. The real estate is leased, currently on a tenant at will basis, but with an agreement from the landlord to maintain the rent and entertain a long term lease for a new buyer. The boutique occupies 800 square feet or storefront space, at street level.

Art To Go Boutique is ideally located in downtown Littleton, New Hampshire on historic Main Street. The business is a combination of sophisticated retail offerings as well as a popular upscale hair and makeup salon. Frequented by loyal locals and visitors alike, Art To Go’s focus is on offering chic retail clothes, jewelry, accessories, and wine offerings as well as providing salon offerings to a discerning clientele. The store is known for carrying American-made clothes and jewelry, top–of-the-line organic/eco-friendly skin care products, traditionally grown wine, and for displaying excellent, local fine art on its walls.

The store’s customers are dedicated to quality, a great esthetic, and chic simplicity. The business has enjoyed a long-term Main Street and web presence; a newly implemented e-commerce component; established vendor exclusivity; trained employees; fully functioning management systems; database; and extensive gallery contact lists. Fiercely loyal salon customers are highly discerning locals and second homeowners.

Detailed Information

Inventory:
Not included in asking price
Employees:
3 Part-time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The boutique is housed in a quaint, comfortable, commercial building, with an outstanding storefront location. All furniture, fixtures, and equipment are in good to excellent shape. The space itself is clean, well maintained, comfortable, and appealing to customers. The leased space is a storefront location, plus or minus 800 square feet, and all at street level. Rent is $600 per month. Ample street parking is available in front of the store, all along Main Street, and behind the building.
Competition:
The retail industry in the Littleton area is robust, taking advantage of positive economic indicators in New Hampshire as well as the resurgence and subsequent success of Littleton’s Main Street revitalization. Littleton’s Main Street draws locals, Vermont residents seeking tax free shopping, and visitors from all over New England and beyond looking to experience the White Mountains of New Hampshire. Art To Go is located in the heart of Littleton, New Hampshire’s commercial district on historic Main Street. The boutique abuts the Pollyanna Archway on Main Street that leads to the rapidly developing River and Arts District. Street parking is readily available and foot traffic is heavy, the result of an aggressive Main Street revitalization project. Myriad retail shops, restaurants, food stores, hotels, motels, offices, and service establishments adorn this busy thoroughfare, creating an extremely vibrant commercial district. Littleton is easily accessible from both Interstates 93 in New Hampshire and 91 in Vermont. The area is also a popular destination year round for its hiking, biking, swimming, winter activities, foliage, and other attractions, both man-made and natural, that the White Mountain National Forest has to offer. The area is truly a four season resort community.
Growth & Expansion:
The current owner believes that she has not tapped into the potential of on-line marketing, including on-line sales, to the degree that she would like. She has also considered bringing in a retail line appealing more to a younger clientele. She feels that she may be missing some sale activity by not extending her hours later into the evening, but has not had the time to do that. Lastly, the owner believes that by bringing in more consignment inventory, she will have more to offer her clients, but at a lower financial risk to herself. A stronger marketing campaign would benefit this business.
Financing:
Potentially available depending upon terms and buyer qualifications.
Support & Training:
The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge. She is also willing to stay on in a limited, compensated capacity should a buyer be interested.
Reason for Selling:
The owner is looking to pursue more aggressively her passion for the arts.
Business Website:
http://www.arttogoboutique.com

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Jay Polimeno

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Jay Polimeno

Polimeno Business Sales

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