Upscale Women’s Boutique and Gift shop
Upscale Women’s Boutique and Gift shop
Price: $525,000
Location: Nassau County, NY
Listing ID: RaptID 5594
This is an ideal opportunity for a fashion-conscious person to acquire an established business in an upscale community selling women’s clothing, jewelry, and home gifts.
The seller is ready to retire and while she previously worked full-time, presently only devotes part-time support to the store. The business is well known in the community and the seller is willing to consider seller financing to a qualified buyer at her sole discretion.
The store features items for the home, clothing, and home & bath. Many customers come into the store mid-week to buy a gift for a weekend event and wind up buying the house gift plus several items of clothing.
The store is beautifully laid out with an ample supply of items to catch the consumer’s eye. The staff has been with the business for many years and has an excellent relationship with the clientele, who trust their advice. The staff is expected to remain after the sale.
Total Sales: $1,000,000
Cash Flow: N/A
FFE Included: Yes
FFE: $50,000
Reason For Sale:
Retirement/re-location.
Training & Support:
Seller will remain for sufficent period to transition business to new owner
Year Established: 2006
Employees: 6
Facilities Information:
The store is located in a high traffic, busy shopping center with ample customer parking, occupying a space of ~ 1,500 square feet, with a full basement. The store has an office area and shop, with two (2) dressing rooms. The office area has two desks (for 2 managers) with computers and computer software to operate the business.
While the store has an excellent website ownership feels that there is definite internet sales growth potential. The store regularly sends out email blasts to over 6,000 past and present customers.
Competition:
Customers in this upscale community are not particularly cost conscious and tend to shop locally. Ownership feels that business is unique and has little, if any local competition.
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