Women's upscale clothing and accessories resale

Austin, TX (Williamson County)

Seller Financing Available
Women's upscale clothing and accessories resale
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $220,000

EBITDA: N/A

FF&E: $35,000

Inventory: $65,000

Lease Rate: $21 /SF/Year

Established: 2015

Women's upscale clothing and accessories resale

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Business Description

Women's Upscale Resale

Entrepreneur needed to take over existing women's resale store in northwest Austin. Though currently part of a franchise system, you can take over the store as a franchise or you can take it over as an independent store.

We sell like-new, current-style business and casual clothing, athletic wear and cocktail apparel, as well as shoes, jewelry, handbags and other accessories at up to 90% off retail. The current store operates as a franchise, paying cash-for-clothes paid on-the-spot resale store, specializing in middle and upper end brands for women.

We are very flexible on how we sell this business. Essentially, we are looking for someone to take over the lease. Whether you choose to take it over as a franchise or as an independent business is up to you. There are three years left on the lease. If you take it over as a franchise, we will include the computer software. The inventory and clothing racks will be part of the package either way. We are looking for someone to take over the lease by April at the latest.

If we don't find anyone to take over the lease, we will sell everything as an asset sale.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
12/5/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Gorgeous strip center with ample parking and established stores. The space is approximately 3500 square feet (can be subdivided), less than 2.5 years old and features 12 foot ceilings with new ceiling tiles and LED light fixtures. The floor is commercial grade wood-style plank vinyl. There are four fitting rooms, ample counterspace, a large backstock room with office. There are approximately three years remaining on the lease with an option to renew for another five years.
Support & Training:
If purchased as a franchise, there is about two weeks of training to attend. Support includes prepared email campaigns, marketing photos and commercials and more. This is provided by the franchise system.
Reason for Selling:
Family/health issues
Business Website:
http://le-encorelakelineaustin.com
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Business Listed By:
Rachelle Abercrombie


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