Women’s Consignment Boutique- #RT1269
Located in High-Traffic Restored Retail Center in Exclusive North Shore Downtown Location
Asking Price:
$159,000Gross Sales: $283,000
Seller’s Discretionary Earnings: $79,500
Inventory: On consignment (Included in the asking price.)
FF&E: $40,000 (Included in the asking price.)
Summary: Let your passion for fashion make you money! If you have an eye for today’s fashion and enjoy interacting with the public; this business is for you. This adorable well-merchandised boutique has a 22 year successful track record. It is located in a beautifully restored retail center with plenty of parking located in a very quaint downtown setting on the North Shore. Owner has recently added an industry-specific software POS bar coding system to track all 2,000 consignees and allow for efficient inventory management with automatic mark downs. Sales have grown by over 30% during the past three years (2008 sales of $210,483). The business employs 1 full-time and 3 part-time sales people.
This business has been preapproved for a SBA loan and the seller will hold some debt with a reasonable down payment.
Facility: This beautifully appointed boutique is 1,700 SF and includes a business office. Rent is $2,750/month plus CAM/RE of $300/month.
Furniture, Fixtures and Equipment: Price includes all store Shelving, Display Cases, Racks and equipment as well as a state-of-the-art Point-of-Sale Bar Coding System with Registers and computer.
Hours: Open Mon. thru Sat., 10:30 AM to 5:30 PM, and Sun. 12:00 PM to 5:00 PM.
Opportunities: An active owner/operator can grow sales by leveraging the excellent reputation and goodwill with current customers and utilizing contemporary marketing techniques such as emails and social media such as Facebook and Twitter. Additionally, new product lines such as prom dresses, jewelry and nick-knacks could be added to expand the categories of items offered for sale.
Additional: The owners are retiring.
The Seller has provided this business information. The broker does not certify or warranty this information.
Call Gerry Pelissier, Business Broker, at 508.681.9804 or email gerry@cabotbb.com for more information.