Discount Designer Outlet Store

Saratoga Springs, NY (Saratoga County)

Discount Designer Outlet Store
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Asking Price: Get Financing: $295,000

Cash Flow: N/A

Gross Revenue: $310,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $4,400 /Month

Established: 1998

Discount Designer Outlet Store

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Business Description

Established Designer Outlet/Off Price Business

The Finds name has been the pioneer in designer off price retail since 1998. Originally founded in NYC with 5 locations between East and West Coast. We have established strong buying relationships with nearly every designer/contemporary brand in the market. In most cases we buy as low as 90% off wholesale. This type of access to pricing doesn't exist for new offprice buyers in the market, these type of offers come from years of cultivating the right relationships with the actual owners of the brands not the employees.The new owners will have this access to the brands and knowledge and support of the inner workings of the industry. The Saratoga location is located in the center of town right on Broadway. The store is 1400sqft with a newly updated interior and European fixtures. The lease is secure and the landlord is thrilled to have the business in this location because we are an anchor for the Saratoga Marketplace. Finds has a huge storefront at street level with high visibility.The previous tenant was in this location for over 25 years, so no need to be worried about being pushed out by rising rents like NYC. Saratoga has developed into a sophisticated year round town with its peak being the Saratoga Racing season when the horses are racing.When you walk Broadway you will see zero vacant storefronts unlike other retail corridors which look like ghost towns in most cases. This is the perfect business for a person or family looking to get into a local community business environment where you can actually make a modest living from the operation of your local store and walk to work.

Detailed Information

Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
4/30/2022
Employees:
2
Facilities:
1400sqft fully renovated and fixtured with inventory
Competition:
There are no other offprice retailers in town.
Support & Training:
The seller will support the buyer in running the business and establishing connection in the industry.
Reason for Selling:
Other business interest
Business Website:
http://findssamplesale.com
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Business Listed By:
Isaac Rodriguez

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