Popular Women’s Clothing and Accessory Boutique

DESCRIPTION
This is a unique opportunity to acquire a very popular, well established, and profitable women’s clothing and accessory boutique. Located in a highly trafficked area, popular with tourists, the owner is ready to retire and pass the torch to a new owner with passion and vision to carry on the tradition. The owner currently works approximately 20 hours per week and has a manager that has been there for 27 years. There are also 4 PT and 2 seasonal employees. Eighty percent (80%) of the revenues are from clothing with twenty percent (20%) coming from accessories. There are quite a few protected brands that offer a competitive advantage. Currently the business operates Tuesday through Sunday and is closed on Monday. The location is a leased 1,750 sq. ft. space with a base monthly rent of $7,000.00 per month. The current lease expires in August of 2025. The seller is willing to finance up to 50% of the purchase price.
FINANCIAL INFORMATION
- $395,000 Asking Price
- $178,152 Cash Flow
- $820,575 Gross Revenue
- $10,000 FF & E
- $100,000 Inventory
- yes, up to 50% of purchase price Financing
REASON FOR SALE
TOP FACILITIES
Detailed information
Home Based:
NoFranchise:
NoDistressed:
NoRelocatable:
NoYear Established:
1995Year Acquired:
1996Willing To Train:
Seller is willing to train to ensure a smooth transitionReal State Available:
NoIs Property Leased:
YesReal Estate Included:
NoIs Management Staying:
YesDays Open:
Tues. – Sun.Hours Open:
11 - 7Full Time Employees:
1Part Time Employees:
4Building Size:
1,750 sq. ft.Listing Id:
SA1703
Contact US
BUSINESS LOCATION
Atlanta, GA
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