Price Reduced! Upscale Gift Boutique For Sale

Lexington, KY (Fayette County)

Price Reduced! Upscale Gift Boutique For Sale
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Asking Price: Get Financing: $60,000

Cash Flow: $30,000

Gross Revenue: $250,000

EBITDA: N/A

FF&E: $40,000

Inventory: $42,000

Lease Rate: $11.13 /SF/Month

Established: 2012

Price Reduced! Upscale Gift Boutique For Sale

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Business Description

Established upscale gift boutique in the heart of one of Lexington's most desired neighborhoods. In business for nearly 6 years, this profitable boutique has a loyal customer base, excellent employees, and unique inventory representing over 100 vendors. Books are clean and current, and no outstanding loans on the business. Still time to go to market and buy for the holiday season! If you have ever wanted to own your own boutique, this is the perfect way to have a low risk, easy, and seamless transition into store ownership and just in time for the holiday season! This is a move in ready, turn key opportunity! No updating, cleaning, or overhaul needed, just step in and take over! Serious inquiries only, please.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,889
Lease Expiration:
10/31/2018
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Price includes all fixtures, signage, inventory, up to date computerized point of sale system, and more. Buyer also has the opportunity to acquire all current vendors/product lines without having to apply as a new business. Space has a beautiful interior that is fresh and up to date. Lease renews November 1, 2018, so terms can be negotiated by the new buyer.
Competition:
This boutique has zip code/territory rights to several product lines which the new buyer(s) will be able to acquire in the sale. Store is located in a busy shopping center that attracts over 12,000 customers weekly. This prime location is within a mile of New Circle Road, and close proximity to UK campus. Easy and ample parking is a plus, especially during holiday season and rush hour traffic.
Growth & Expansion:
This business has vast growth potential, with opportunities to expand into untapped markets through marketing, advertising, and online sales. There is a loyal customer base within the neighborhood and throughout Lexington, however there is opportunity to exponentially reach other areas of Lexington and surrounding counties. Online potential to reach other markets and areas is endless. Adding services such as in house embroidering, delivery, and corporate gifts would be another way to expand this business and increase its profitability.
Support & Training:
Sellers will gladly help transition and assist buyer(s) with fourth quarter buying, and all operating procedures if desired.
Reason for Selling:
Partnership dissolving
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Business Listed By:
Julie

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