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High End Women's Shoe and Accessories Store in Aspen, CO

Aspen, CO (Pitkin County)

Shopping for shoes
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Asking Price: $350,000

Cash Flow: $190,000

Gross Revenue: $1,300,000

EBITDA: $190,000

FF&E: N/A

Inventory: $300,000*

Rent: $13,500 /Month

Established: 1980

*not included in asking price.

High End Women's Shoe and Accessories Store in Aspen, CO

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Business Description

High End Women's Shoe and Accessories Store in Aspen, CO

Long established high end women's shoe and accessories store commands a loyal following among a fashion conscious and wealthy clientele. All brands carried in the store are unique and famous for their quality and style. The store maintains an exclusive selling relationship with virtually all of its vendors. Not everything in the store is exorbitantly priced though. Some accessories are priced under $50. Importantly, the business' lease extends to 2022 with a 5 year renewal option, and the landlord is exceptional.

Detailed Information

Location:
Aspen, CO
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
11/30/2022
Employees:
5
Facilities:
Fully stocked, beautiful store.
Competition:
Other local stores carry major brands. This store is unique in its high end brand offerings. The store is #1 in its market in offering class and style.
Growth & Expansion:
The store s 40 years old so many of its clients are aging, loyal customers. The big opportunity is to tap the largely untapped market for younger wealthy women.
Support & Training:
From 6 - 12 months, preferably 6.
Reason for Selling:
Time to retire and enjoy the grandchildren.
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(from currently available funds)
 
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John Hornblower

Business Listed By:
John Hornblower

VR Business Brokers Aspen, CO

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