Asking Price:

$189,000

Gross Income:

$347,000

Cash Flow:

$50,000

FF&E:

$82,000.00 *

Inventory:

$110,000-160,000 **

Real Estate:

N/A

Year Established:

2001

Employees:

2.5

Business Types:

Apparel and Accessory Stores
Miscellaneous Retail

** not included in the asking price

* included in the asking price

Business Description

This independent women's specialty store caters to women of all ages who are looking for contemporary yet comfortable clothing, shoes and accessories. It is located in an upscale resort village on Main St., only a short walk from most hotels. Many exclusive lines are available including clothing by ISDA, Lucky Brand, Nally & Millie, Dick & Jayne, Pappillon Blanc and footwear by Dansko, Frye, Naot, EMU, Ariat and more.The area is one of the most breathtaking and adventure-filled locations in the Northeast. This is an excellent opportunity for someone looking to leave the rat race and enjoy a lifestyle business that is easy to run and fun besides. Despite the economy, the store experienced an increase in sales in 2011 as well as an increase in owner discretionary earnings.

Detailed Information

Facilities:

The store has a premier location in the heart of the village. It is adjacent to the village park with plenty of visitors all day long. The front window affords great visibility and encourages browsers. The 1,700 sq ft store is fitted with carpet, wood shelving, display tables, and cases that create a warm and inviting atmosphere. It is a turnkey operation. The lease has three years left with an option for five more years.

Competition:

They carry many exclusive lines and enjoy a stable long-term relationship with these vendors. The store's largest demographic enjoys a high disposable income. Approximately 75% of store revenues are from visitors and second home owners. The owners have developed a niche market with a multitude of repeat clients that enjoy the assortment of merchandise, the relaxing atmosphere, and the quality of service provided.

Growth/Expansion:

Revenues can be increased with minimal expense and effort by implementing a regular marketing program. This store has excellent relations with vendors and has an easily replicated business model for other resort locations within a reasonable drive and with similar clientele. In addition, a state of the art conference center opened in May 2011. This will provide new markets and have a positive impact for all area businesses during the off seasons.

Support/Training:

Owner/Manager will stay on for a reasonable period to transition the new owner on operations, inventory management and buying.

Reason Selling:

Owners desire to have more time to travel and enjoy their vacation home.

Broker Information

Kathlene Thiel, MBA, CBI

• View all of my current business-for-sale listings
• View my BizBuySell Profile
• View the Broker's Website

Memberships

Certifications