Specialty Gift Shop/Women’s Boutique Strong E-commerce Philly Burbs

Montgomery County, PA

Specialty Gift Shop/Women’s Boutique Strong E-commerce Philly Burbs
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Asking Price: $300,000

Cash Flow: $175,000

Gross Revenue: $1,491,000

EBITDA: N/A

FF&E: N/A

Inventory: $125,000*

Established: 1973

*not included in asking price.

Specialty Gift Shop/Women’s Boutique Strong E-commerce Philly Burbs

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Business Description

Specialty Gift Shop and Women’s Boutique with Strong E-commerce Business

Destination boutique with excellent reputation for over 40 years. Ideal for an owner-operator who understands the synergies of e-commerce and bricks and mortar.

High quality brands and product lines including gifts, collectibles, women’s clothing and accessories. Boutique is located in a prime location in an iconic shopping village surrounded by other destination shops. Boutique enjoys a stellar community reputation and has strong opportunities for growth.

E-commerce sales have grown strongly, +17% 2017 to 2018, and are accelerating. E-commerce sales currently represent 70% of total sales – bricks and mortar 30%. E-commerce sales supported by ads on Google, Amazon, Facebook, Instagram and Bing. Sophisticated use of social media for re-marketing and web analytics to support robust e-commerce sales. Google-trusted store with 4.9 out of 5 stars and superior customer testimonials.

Established core clientele and extensive customer database of 24,000 email addresses segmented by brand and interests. 29.7% average open rate for email blasts over last 6 months. Reasonable lease.

Revenue $1,491,000. Cash Flow $175,000. Asking Price $300,000, $125,000 inventory additional. Year to date ecommerce sales up 10.2%.

For a qualified buyer, this business has been pre-approved for an SBA loan. The new owner would invest $40,000 as a down payment, and based on historical cash flows, would earn $103,000 in the first year, after bank loan payments. The loan includes working capital of $20,000.

Detailed Information

Location:
Montgomery County, PA
Inventory:
Not included in asking price
Employees:
7
Growth & Expansion:
Company has successfully transitioned from bricks and mortar to Ecommerce Opportunties to increase e-commerce sales through addition of recognized high-end brands Support and training: Seller to negotiate a transition period Reputation for Excellence The store has a prominent location, parking and a superior reputation for first-rate customer service in a beautiful, bucolic setting surrounded by complementary businesses
Financing:
Seller may finance inventory for qualified buyer
Support & Training:
As required
Reason for Selling:
Retirement
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(from currently available funds)
 
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Ronald Hoxter

Business Listed By:
Ronald Hoxter

Mill Creek Partners

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