For a Buyer with a "Passion for Fashion & Travel"

Barnstable County, MA

Seller Financing Available
For a Buyer with a
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Asking Price: Get Financing: $65,500

Cash Flow: $37,000

Gross Revenue: $262,000

EBITDA: N/A

FF&E: $25,000

Inventory: $95,000*

Lease Rate: $2,900 /Month

Established: 1995

*not included in asking price.

For a Buyer with a "Passion for Fashion & Travel"

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Business Description

This nicely designed and attractive boutique is located in a prime spot in an upscale and busy shopping area. This dynamic business features unique gifts, fashion, jewelry, luggage and travel accessories from some of the finest makers of these types of goods. It has been a highly regarded business for nearly a quarter century. The store, which contains about 1,100 square feet, was recently refreshed and modeled and has new flooring and new interiors and exterior lighting. It is fully equipped with attractive and functional furnishings and fixtures. The business has established an aggressive (and successful) marketing campaign utilizing print, radio and Cable TV advertising. There is also a very aggressive social media presence.
Key Features:
*Trendy Gift and Travel Shop
*Over 20 leading brands exclusive to the area
*Innovative travel accessories
*RFID wallets, bags and accessories
*Leading brands of luggage
*Warrantied Travel Companion FKA Luggage
*Website
*Classy Virtual Tour incorporated into website and social media
*Robust social media following on Facebook, Instagram, Tumblr and Snapchat
The current lease expires at the end of April, 2020. The lease is assignable. The lease terms are currently about $2,900 per month. There is very little competition with the specific niche market provided by this business. The combination of reasonably priced high-end product lines and unique accessories for home, office and travel has generated considerable customer loyalty and the heavy foot traffic of the location consistently attracts new customers.
Included in the sale are the assets of the business including equipment, furnishings, fixtures, trade name license, leasehold improvements, customer lists, customer email lists, all social media accounts, exclusive vendor list, computer system, video security system, phone number(s), website, proprietary marketing, promotional and packaging materials, signature topiary trees and pots, signage, Pandora music station and other items required for operation of this Turn-Key business along with the store’s excellent reputation and good will. The business is offered at $65,500 plus the wholesale value of the inventory in place at the time of the sale. Sales for the first quarter of 2018 are up 22% 0ver 2017. Landlord will write a new lease at a reduced rate for a new owner.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
4/30/2020
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will provide transitional orientation and training with ongoing support
Reason for Selling:
Retirement
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Craig Campbell

Business Listed By:
Craig Campbell

Cape Cod Business Brokers

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Sponsoring Broker:
Jim Vaccaro

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