Children's Boutique

Exeter, NH (Rockingham County)

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Asking Price: $175,000

Cash Flow: $85,000

Gross Revenue: $350,000

EBITDA: $85,000

FF&E: $13,500

Inventory: $108,000*

Rent: $1,600 /Month

Established: 1989

*not included in asking price.

Children's Boutique

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Business Description

Well Established Community Favorite

Puddlejumpers is a carefully curated collection of clothing and gifts for children, newborn through age 10. Voted Best of New Hampshire by New Hampshire Magazine readers every year for nearly a decade. Exclusive local retailer of brands like Jellycat London, Milkbarn Organics and Northface children's outer wear. We are located in a historic, thriving New Hampshire seacoast community. Our downtown attracts international visitors as we are the home of Phillips Exeter Academy. Exeter has always been a community focused on education and family. Any business focused on those things is bound to be successful here. Our children's shop is a regular stop for so many locals as well as seasonal residents who look forward to stopping by to see what's new in the shop and catch up with what's going on in and around town. With the opening of a new brewery just a few doors down the street we have seen a nice bump in sales. Further development is underway in the lot adjacent to us.

Detailed Information

Location:
Exeter, NH
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
6/1/2023
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1000 square foot space under lease through June of 2023 at below market rent. Store is outfitted with custom display pieces and a centerpiece semi-circular cash wrap. Current and next season inventory to be included at cost value. (Currently $108,000) Five years of purchasing and sell through data will be included.
Competition:
There is no competition within a 25 mile radius. Comparable shops exist in Boston.
Growth & Expansion:
The expansion and development of downtown Exeter will allow for almost unlimited growth opportunities. With a terrific Economic Development Director and New Hampshire's sales tax free status this community is poised for growth.
Support & Training:
Turnkey operation will require little training. Current owner will be available to advise and support buying efforts for the first year.
Reason for Selling:
An exciting opportunity to work with my daughter has presented itself.
Business Website:
http://www.puddlejumpersnh.com
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Business Listed By:
Anne Holliday, CPA

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