Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price	$155,000	Inventory	$5000*
Gross Income	$444,347	Real Estate
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	$150,000*	Employees	N/A

* included in the asking price

** not included in the asking price

In business for over 20 years, this resort-located boutique caters to ladies who would shop in either Neiman Marcus or Saks were those stores available. The store carries several lines of clothing including some that are exclusive to this business. Customers have come to expect to see something new with nearly each visit. One of the strengths of the business is the regular rotation of inventory to keep the merchandise fresh. The seller works the business full time along with one other employee and occasional temporary help. As noted above the business has many attributes, not the least of which is its location. In the retail business, the conventional mantra is location, location, location and this store is very well located. With high exposure, easy access and plenty of surrounding business activity, the location is a real asset to the business.

Facilities: The shop is approximately 1,100 square feet with a monthly lease payment slightly over $3,300. The lease rate is deemed to be near fair market rate. The lease expires in mid-2008 and the seller indicates the landlord is amenable to a negotiated continuation with an appropriate new owner.

Competition: The ideal buyer would be a high energy person with some knowledge of the retail clothing industry. The business has a very solid foundation and is ready for an entrepreneurially-spirited new owner to continue and grow the business to a higher level.

Reason Selling: After over 20 years in the business, the seller desires to retire.