Luxury Women's Specialty Boutique

Raleigh, NC (Wake County)

Exterior Front
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Asking Price: $525,000

Cash Flow: $78,000

Gross Revenue: $780,000

EBITDA: $200,000

FF&E: $50,000

Inventory: $150,000*

Established: 2014

*not included in asking price.

Luxury Women's Specialty Boutique

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Business Description

lori+lulu, Cameron Village, North Carolina

Luxury Women's Boutique located in Cameron Village Shopping Center. Owner's John & Lori Lecker developed the concept for the middle age + woman after seeing a niche in the market as licensees for global giant Italian Sportswear company, United Colors of Benetton for 30 years. The couple currently own and operate 3 lori+lulu stores located in Amelia Island, Florida, Charleston, SC and Raleigh, NC. In addition to the lori+lulu chain the Lecker's have developed 3 additional concepts to add to the portfolio in Amelia Island, Pearl Boutique, a Lilly Pulitzer Specialty store, JJ COOPER, menswear and a brand new store called ISOLA Home. The Lecker's want to sell the Carolina locations in order to streamline and focus only on the Amelia Island business.

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Detailed Information

Location:
Raleigh, NC
Inventory:
Not included in asking price
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Exclusive distribution on top lines in the women's retail industry. A proven concept brand with recognition. Store assets including everything but inventory, $50,000. Inventory at cost $150,000.
Competition:
The target market of the business caters to the 50+ customer. The store is located in Cameron Village Shopping Center, the oldest planned center in the USA and highest per capita zip code in North Carolina The center showcases the top women's lines in the industry. lori+lulu enjoys exclusive distribution for the Johnny Was, Hale Bob, Fresh Laundry, DL1961, Liverpool, Nic+Zoe, Krazy Larry, XCVI, Judy P, Tempo Paris, Tolani, and more.
Growth & Expansion:
lori+lulu would be willing to sell the rights to the name with future acquisition of 2 other locations. The concept can be expanded to any location where distribution for the top lines is available. Growth could go forward with location attached to the name, ex. lori+lulu of Raleigh.
Financing:
Monthly P&L statements available from opening date
Support & Training:
Training in Amelia Island location offered up to 30 days. Consulting offered at $200 per day up to one year. Introduction to all vendors at market. Established relationship with Lightspeed software.
Reason for Selling:
Owners need to focus on 4 additional concepts located in hometown, Amelia Island
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Business Listed By:
Lori Lecker

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