Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price	$299,000	Inventory	$100,000**
Gross Income	$465,000	Real Estate
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	$30,000*	Employees	N/A

* included in the asking price

** not included in the asking price

Great business for sale

These two unique boutiques offer a local monopoly for retail-minded business owners. Attracting a large customer base from as far south as Santa Barbara, these shops cater to higher end clientele from the Valley and Central Coast, who are looking for fine clothes with a fashionable style outside of the traditional Nordstrom's mold. The owners have cultivated relationships with Los Angeles importers to bring inexpensive yet contemporary inventory to the area. Their savvy purchasing system, coupled with an easy business model, make this an attractive opportunity for both the sophisticated retailer, or first time buyer. Just steps away from each other, these locations rest in the heart of the San Ynez wine country, in the Hamlet Square shopping center. Foot traffic is the highest along this block, with plenty of local business and a strong tourist season promoted through local vineyards. The owners employ full-time managers for each shop, allowing a short, two-day work week to keep the businesses in swing. Day One is to purchase from wholesalers, in what amounts to an L.A. shopping spree. Day Two is to deliver and price the inventory back at the shops. There is minimal marketing focus on the businesses on top of the usual foot traffic, most customers drop in by word of mouth, or referrals from the local hotels and city tours. Nevertheless, the owner reported gross sales of nearly $465,000,000 over the past year. Increasing advertising, inclusion in wine country pamphlets, direct mailers, and coupon handouts would drive up revenues for any potential buyer. An on-site owner would also greatly enhance the business.

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Facilities: Located in the busy shopping center of Hamlet Square, this location thrives from tourists visiting the area. The owner recently extended his lease, and in one location, can assign a fifteen year lease to prospective Buyers, at reasonable rent levels.

Competition: There is minimal marketing focus on the businesses on top of the usual foot traffic, most customers drop in by word of mouth, or referrals from the local hotels and city tours. Nevertheless, the owner reported gross sales of nearly $465,000,000 over the past year. Increasing advertising, inclusion in wine country pamphlets, direct mailers, and coupon handouts would drive up revenues for any potential buyer. An on-site owner would also greatly enhance the business.

Financing: Limited Financing is available to qualified buyers.

Support/Training: Employees are fully trained and capable of fulfilling all retail and customer service duties. Seller will provide up to 30 days or 40 hours of training on product ordering, vendor relationships, clothing pricing, and the day-to-day operations of the business.

Reason Selling: To accommodate more time with the family