Established & Well-Known High End Consignment Boutique in Northern VA

Alexandria, VA (Alexandria City County)

Seller Financing Available
Established & Well-Known High End Consignment Boutique in Northern VA
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Asking Price: $209,995

Cash Flow: $112,664

Gross Revenue: $555,826

EBITDA: N/A

FF&E: $18,400

Inventory: N/A

Rent: $5,830 /Month

Established: 2009

Established & Well-Known High End Consignment Boutique in Northern VA

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Business Description

Rare opportunity to own a well-known and established consignment boutique in Northern Virginia. The business caters to women and specializes in clothing, shoes, jewelry, and accessories from many designer brands. The business has been the recipient of numerous “Best of” accolades from many top local publications and platforms!

Over nearly a decade in business, the owner and dedicated staff have created a warm and inviting store with a reputation as one to the top retail boutiques in the area. The business features the latest merchandise from many upscale and premium brands at competitive prices with a unique retail business model. There is a robust clientele with a healthy combination of new and repeat customers. The store has 4K+ customers in their database and email lists along with popular social media accounts with over 10K+ followers across several popular platforms.

This is a unique opportunity for someone in the retail industry or an entrepreneur looking to own a consistently profitable business with a sustained track record of growth. The business can be run on a semi-absentee basis or with a full-time owner/operator in lieu of a manager. There is an attractive lease in place with 5 years remaining on the term as well as an additional 5-year option. Don’t miss this chance to take over a business in an affluent and growing market that’s set up for success.

Detailed Information

Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
7/31/2023
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business occupies a two-story retail storefront with 2,000 square feet of space leased for approx. $5,830/mo (including triple net and taxes). The atmosphere is welcoming, clean, and nicely appointed. The space is outfitted with high end shelving, racks, and displays that provide a number of interchangeable options.
Competition:
There is limited direct competition. There are a number of upscale retail shops nearby, but this business caters to a niche market and demographic. The business is uniquely situated in a strong retail area, but benefits from the presence of other shops and stores.
Growth & Expansion:
There is ample room for a new owner to continue to grow and expand the business. The business has an excellent reputation in the area. The owner has achieved consistent year over year revenue growth with limited resources devoted to marketing and advertising efforts.
Financing:
Available depending on the final purchase price, terms and qualifications of buyer.
Support & Training:
Seller will provide necessary training and support.
Reason for Selling:
Owner is relocating out of the area.
Business Website:
http://www.horizonbrokers.com
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(from currently available funds)
 
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Michael Wade

Business Listed By:
Michael Wade

Horizon Business Brokers, LLC

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Sponsoring Broker:
Dustin Zeher, CBI

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