Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price	$212,000	Inventory
Gross Income	$642,000	Real Estate
Cash Flow	$132,000	Year Established	2003
FF&E	$15,000*	Employees	3

* included in the asking price

** not included in the asking price

You aren't only buying a business, you are buying a lifestyle....There is no nicer place to live and work than in the resplendent town of St. Michaels on Maryland's Eastern Shore. Located less than 90 minutes from Baltimore, Annapolis, and D.C. St. Michaels offers waterfront activities, golf, fine dining, wildlife. St. Michaels most popular contemporary clothing boutique was a favorite of the 51 Miss USA contestants (2006, 2005) and the cast and crew of "Wedding Crashers". This boutique dressed a client for the 2007 Academy Awards in Hollywood. Selected as the "Mary Frances Retailer of the Month" from a potential pool of 1200 stores. Visually stunning-well-merchandised. Located in the very desirable heart of town-on a prime corner-where stores rarely turnover. This boutique attracts an affluent and fun-spirited clientele of women in their 30's to 70's from as far away as New York and Philadelphia and from the nearby cities of Annapolis, Baltimore, and the greater Washington DC area. Valid and active mailing list of 1500+ customers. It has the exclusive rights to popular apparel and accessory lines: Spanx, Hanky Panky, Mary Frances handbags, Joseph Ribkoff, Alberto Makali, TRIBAL, Snoskins, Frank Lyman, Boho Chic, and Robert Kitchen. Sells casual sportswear and dressy eveningwear equally. This is a "turn-key" business with outstanding income and strong growth potential.

Facilities: Prime location in heart of town. Extremely desirable corner storefront. Large display windows which run entire expanse of store. Superb lighting. Free main street parking directly in front of store. Renewable lease. Monthly rent of $3,000. Size of store is 2,000 square feet. 5 year with term, 3 years left with 5 year renewable lease, monthly rent of $3,000

Competition: Tourists and locals alike say that this boutique is very contemporary, fashion-forward lines are a breath of fresh air in the resort village that leans toward mostly traditional, conservative apparel. There are several very nice clothing stores in town, but nothing that compares to this boutique. This boutique has cornered the contemporary women's apparel niche market. It has a very metropolitan feel, unlike anything in town.

Growth/Expansion: Potential for growth is very promising. Each year, sales figures continue to increase. Someone with a background in apparel retailing can really "run with" this business and expand on its' success even more. The current owners of this boutique had no background in the apparel industry when they started the store and yet it continuously boasts very high annual sales figures. There is no limit to what a new owner-with some apparel background-can do with this business. Opportunities for additional revenue exist through creation of retail website.

Financing: Not Offered

Support/Training: Excellent point of sale computer system makes this business a breeze to run and operate. Owners will provide 40 free hours of training- although it may not be needed.

Reason Selling: Owners pursuing new business opportunities that require significant travel.