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Ladies fashion boutique/ Ohio

Youngstown, Ohio

Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price $175,000 Inventory $75,000** 
Gross Income $498,000 Real Estate $300,000** 
Cash Flow $120,000 Year Established 1983
FF&E $10,000* Employees 5

* included in the asking price

** not included in the asking price

Well established high end ladies fashion boutique. This 23 year old business has a reputation that attracks an upscale clientele making this a destination retail store. Rvenue is solid in the $500,000 range and owner discretionary income is consistent in the $120,000. plus catagory. Located in the suburbs of Youngstown it is convenient to the Cleveland and Pittsburgh market and all points in between. Also, the building is 2300 SF plus an additional building which is 500 SF and is presently leased out bringing in $500 per month.The building is available for sale or lease.

Facilities: The real estate is optional. It is a free standing 2300 SF bldg. plus a 500 Sf bldg.

Competition: This business has been established for 23 years. There is competition but this boutique is a destination point for shoppers.

Growth/Expansion: Open the doors and the customers are there. The key is to learn how and what to buy for inventory. This can be taught by the Owner who is willing to make it part of the purchase.

Financing: open to a portion

Support/Training: As needed. The owner will also stay on as a part time employee for a time.

Reason Selling: Exit plan to retirement.

AD # 378376

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