Established retail business in the heart of desirable Ashland, Oregon

Ashland, OR (Jackson County)

Storefront Awning Section
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Asking Price: $375,000

Cash Flow: $95,000

Gross Revenue: $900,000

EBITDA: $89,000

FF&E: $415,255

Inventory: $187,500

Rent: $6,489.47 /Month

Established: 1971

Established retail business in the heart of desirable Ashland, Oregon

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Business Description

Unique opportunity to own a part of the Ashland Dream.

A unique opportunity to own an established business at the heart of beautiful downtown Ashland, Oregon. Nimbus has been a fixture of Ashland for the past 40 years. Established in 1971, Nimbus is a sophisticated, three-department store selling high-end clothing and footwear for men and women as well as contemporary American art and craft. The store has custom made display cases and an open, modern feel. High quality fixtures, equipment and furniture all included in the sale. Store is ready for the new owner to carry on without a pause. At 4,700 square feet, Nimbus also boasts a large basement with three offices, inventory space, a large back shoe room, a shipping center and a retail space currently occupied by a tailor who can also offer in-store alterations.

Nimbus is for sale to the right person or people who are ready to take this established gem to the next level or maintain the success built in with loyal customers, unique modern craft and quality, high-end clothing. Nimbus has an active social media and email blast account.

Also for sale is HisFavoriteShirt.com, the online home of Nimbus’ famed mens shirts. The website was started in 2002 and inventory is stored in the basement of Nimbus and can be operated by one employee but the growth opportunities are immense.

More about Ashland:
Don’t miss the chance own a successful business in this special small town, home to the world-famous Oregon Shakespeare Festival and ranked in the top 10 of “The 100 Best Small Art Towns in America” and one of the top ten wine tasting destinations in the world. Ashland is a cultural gem with excellent schools. Home to Southern-Oregon University, award-winning galleries, theaters and excellent restaurants keeping tourists coming year after year. Located between the Siskiyou and Cascade mountain ranges, Ashland is known for its great outdoor recreation: skiing (Mt. Ashland is 30 minutes away) hiking, mountain and road biking, mountain lakes and white-water rafting in the valley and just beyond. The gateway to the Rogue Valley vineyards and close to the famous Britt Music Festival, the Washington Post called Ashland, “A dream you’ll never want to leave”. Learn more about this special place at stayashland.com

Owned and operated since 1977, owner is semi retired and is available to mentor next owners through the purchase transition.

Detailed Information

Location:
Ashland, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,700
Lease Expiration:
7/31/2028
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nimbus has 3 upstairs departments of two levels. Men's, Women's and Gallery. On the lower level are a tailor shop and sometimes Tuxedo rental. In addition the lower level includes shipping and storage, three offices, one being a manager's office suite with leather couch and designer decor.
Competition:
Nimbus occupies a prize location on the Plaza in Ashland with tremendous traffic during the tourist months of March through October. Nimbus has the only designer Men's shop in Ashland with lines not otherwise available between San Francisco and Portland. The Woman's department is known for offering beautiful dresses, footwear and accessories and is particularly popular with Mothers of the bride/groom and for other special occasions. The contemporary American Craft Gallery has over 100 artist's featuring ceramics, blown glass, wood, mixed media and
Growth & Expansion:
The opportunity to expand the business at Nimbus are many and I'd love to show you the store and explain the ideas for expanding the business.
Financing:
Seller financial available, but not preferred. Broker-friendly sale.
Support & Training:
The 2 managers and myself would be available for training and buying at shows.
Reason for Selling:
42 years in the saddle. I want more time to ski, ride my bikes and travel.
Business Website:
http://ClubNimbus.com
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Business Listed By:
Ken Silverman

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