MergerPlace

Upscale Clothing Store

Florida (Broward)


  • Asking Price: $150,000
  • Gross Income: $671,104
  • Cash Flow: $36,881
  • Real Estate: Not Disclosed
  • Inventory: $17,000
  • FF&E: $15,000
  • Listing ID: #212357
  • Established: 2008
  • Employees: 7 FT

Business Description

Since 2008, this upscale West Broward County boutique has been the go-to shop for ‘tweens, teens and women looking for the most current apparel, accessories, custom college and camp items, as well as gifts for all occasions. May qualify for VISA!


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Florida
County: Broward

Company Information

Year Established: 2008
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 7 FT

Financial Information

Asking Price: $150,000
Gross Revenue: $671,104
Cash Flow: $36,881
FF&E: $15,000
Inventory: $17,000
Seller Financing Available: No

Property Information

Facilities:

Newly re-modeled store in one of the busiest shopping centers in West Broward County. Located in an open-air mall with plenty of parking space and thousands of cars moving in and out every day. Anchored to major box stores.

Growth & expansion opportunities:

Over the years, they have constantly tweaked their inventory to improve sales. In the last year and half, with some major category changes, they have been able to purchase less inventory, yet maintain their sales and this can be done on an ongoing basis. They do not currently sell online; however that could be an additional source of revenue for the business.

Competition:

They are the only store of this kind in the area and they draw customers from the tri-county area (Dade, Broward and Palm Beach). Their customer service, attention to what their customers want, and location has kept them immune from on-line competition.

Reason for selling:

Seller is starting work for a non-profit.

Support & Training:

Will train for 2 weeks @ $0 cost. Featuring the newest and latest trends in clothing, jewelry, bags, home accents, and custom college apparel and gifts, with emphasis on catering to their customers needs and individual assistance in their selections.

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Business Listed By:

Anton Joro

Murphy Business Brokers