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Beautiful, Upscale Ladies & Children's Clothing Shop, Owners Retiring

Mobile, AL (Mobile County)

Outstanding retail business for sale in Mobile, Alabama
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Asking Price: Get Financing: $346,000

Cash Flow: N/A

Gross Revenue: $1,304,730

EBITDA: N/A

FF&E: $30,000

Inventory: $246,000

Lease Rate: $5,150 /Month

Established: 1955

Beautiful, Upscale Ladies & Children's Clothing Shop, Owners Retiring

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Business Description

This iconic ladies and children shop, located in the heart of Spring Hill in Mobile, Alabama has been an integral part of the area's fashion community for over six decades. A constant commitment to the community and to the fashion markets allows this business to provide a one-of-a-kind local boutique, offering the latest fashions in fine and casual clothing plus accessories.

The company, founded in 1955, is available only due to the retirement of the owners and is a rare opportunity to own such an impressive, prestigious business.

Consider the advantages of owning this shop: (1) the business enjoys an excellent and well-deserved reputation for quality merchandise and outstanding customer service earned over the past 60 years, (2) vendor relationships are established with top suppliers for exclusive hard-to-obtain lines, (3) the ideal inventory level is on hand with no out of date items, (4) trained employees are already in place, (5) the location in the most affluent demographics within hundreds of miles has proven advantageous, (6) the owners can document the performance of the business with well maintained books and records, and most importantly (7) there are multiple opportunities for growth.

The existing business platform is currently generating $1.3 million in yearly revenue with multiple avenues for expansion that the owners have not pursued because of age and impending retirement. Growth opportunities include an e-commerce component, refreshed marketing, additional lines of merchandise and a second location in the upscale Eastern Shore community of Fairhope. Many Eastern Shore residents fondly remember the Point Clear Grand Hotel location of the business which thrived until Marriott bought the hotel and converted the retail space to their own use.

The owners are committed to a seamless transition and will thoroughly train a new owner in all aspects of the business including, if desired, going to the markets with a new owner to introduce the new owner to all of the vendors who are eager to do business with this shop.

Please contact William Bruce from this website. A confidentiality agreement and qualifying financial information are required to receive details of this rare opportunity.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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William Bruce, ABI

Business Listed By:
William Bruce, ABI

William Bruce Business Sales & Acquisitions, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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