Rare opportunity to own a well-known and established retail boutique in Alexandria, Virginia. The business caters to women and specializes in clothing, shoes, jewelry, and accessories from many designer brands. The business has been the recipient of numerous “Best of” accolades from publications like Washingtonian Magazine, The Washington Post, Northern Virginia Magazine, and more!
Over nearly a decade in business, the owner and dedicated staff have created a warm and inviting store with a reputation as one to the top retail boutiques in the area. The business features the latest merchandise from many upscale and premium brands at competitive prices with a unique retail business model. There is a robust clientele with a healthy combination of new and repeat customers. The store has 4K+ customers in their database and email lists along with popular social media accounts with over 10K+ followers across several popular platforms.
This is a unique opportunity for someone in the retail industry or an entrepreneur looking to own a consistently profitable business with a sustained track record of growth. The business can be run on a semi-absentee basis or with a full-time owner/operator in lieu of a manager. There is an attractive lease in place with 5 years remaining on the term as well as an additional 5-year option. Don’t miss this chance to take over a business in an affluent and growing market that’s set up for success.
The business occupies a two-story retail storefront with 2,000 square feet of space leased for approx. $5,830/mo (including triple net and taxes). The atmosphere is welcoming, clean, and nicely appointed. The space is outfitted with high end shelving, racks, and displays that provide a number of interchangeable options.
There is ample room for a new owner to continue to grow and expand the business. The owner has achieved consistent year over year revenue and cash flow growth.
There is very limited direct competition. There are a number of upscale retail shops nearby, but this business serves a niche market and demographic. The business is uniquely situated in a strong retail area but benefits from the presence of other shops and stores.
Owner looking to pursue other business interests.
Seller will provide necessary training and support.