MergerPlace

Beautiful Boutique Clothing Store

New York (Nassau)


  • Asking Price: $95,000
  • Gross Income: $120,000
  • Cash Flow: $40,000
  • Real Estate: Not Disclosed
  • Inventory: $50,000
  • FF&E: $20,000
  • Listing ID: #208930
  • Established: 2017
  • Employees: 2PT

Business Description

Beautiful women’s clothing store located in high-end, affluent neighborhood offering a true boutique Manhattan style experience. This business has an established reputation in the community with a focus on high-quality style, sophistication, and attentive service. Store is beautifully designed and is very welcoming to customers.

This clothing store has built a steady following of loyal customers that generates repeat business since customers are not able to get the same name brands and styles anywhere else. The owner works with local designers that offer exclusive brands in several categories including clothing, jewelry, footwear and accessory lines. Customers are women ages 18-60 with a sense of style. The prices reflect the location and allow for great markups. The store offers for sale women’s designer shirts, pants, jeans, shorts, sweaters along with locally made jewelry and a variety of handbags.

The boutique clothing store comes fully stocked with $50K worth of inventory which is included in the sale price.

A perfect opportunity for someone looking to make a great living that has a passion for fashion. Seller willing to finance a portion of the sales price for the right buyer. Seller wishes to keep store wish they built from scratch, unfortunately owner has to sell due to family illness that require owner's attention.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: New York
County: Nassau

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2PT

Financial Information

Asking Price: $95,000
Gross Revenue: $120,000
Cash Flow: $40,000
FF&E: $20,000
Inventory: $50,000
Seller Financing Available: Yes

Property Information

Facilities:

Option: 5 Year Option to Renew Lease Expiration Date 3/15/2022 Monthly Rent: $ 2,800 Square Footage: 883 Located in shopping District of affluent town. Walk able area with restaurants and shops right off of the train station.

Growth & expansion opportunities:

Open more hours. Currently store is closed Sunday and Monday and only open 11-5 most days. Expand the online services as the website is set up for eCommerce, but it is under utilized. Offer additional products. Shoes, bags, beach attire, under garments, flip flops, etc. Hold local vendor shows.

Competition:

There are no other clothing stores in local community shopping area

Reason for selling:

Family illness that require owner's attention.

Support & Training:

Owner will work with the new owner to ensure they understand the POS system and vendors.

Contact Business Seller

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Business Listed By:

John Batista

The NYBB Group