Retail store selling apparel, shoes and accessories for Dance

Midlothian, VA (Chesterfield County)

Retail store selling apparel, shoes and accessories for Dance
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Asking Price: $124,000

Cash Flow: $53,000

Gross Revenue: $425,000

EBITDA: N/A

FF&E: N/A

Inventory: $100,000*

Rent: $2,230 /Month

Established: 2006

*not included in asking price.

Retail store selling apparel, shoes and accessories for Dance

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Business Description

Apparel, shoes and accessories for Dance (including ballet, tap, jazz and more), Cheer, Gymnastics, etc. for children and adults.

A truly rewarding business for anyone interested in dance and associated activities that enjoys working with children, teens and adults. They offer professional pointe shoe fittings and carry brands such as Bloch, Capezio, Gaynor Minden, Grishko, Motionwear, So Danca and Russian Pointe to name a few. All fittings and recommendations are personalized by a staff with a long and intense interest in this area. The absolutely beautiful and functional venue is both charming and exciting for young dancers.

Clientele includes dance studios, schools, churches, independent groups and, of course individuals. There remains significant potential for bottom line increases as only about 10% of the market has been reached and this is one of only two local firms in this line of business. With all the fixed costs covered an additional focus on sales (including store mobility, offsite sales & fittings) could yield much bigger profits.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
N/A
Facilities:
1800 sq. ft. shop is both beautiful and functional and a charming and exciting venue for young dancers.
Competition:
Revenue has increased each year since 2008, but there remains significant potential for bottom line increases as only about 10% of the market has been reached and this is one of only two local firms in this line of business.
Growth & Expansion:
Growth opportunities in several areas.
Support & Training:
Owners will make an orderly transition with a buyer to ensure continuity of operations.
Reason for Selling:
Retirement
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Ron Hamway

Business Listed By:
Ron Hamway

Business Research Group, LLC

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Sponsoring Broker:
Michael Mitchell

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