Charming Boutique In Pioneer Square For Sale

Business description

Location - location and location. Pioneer Square is one of the most sought after destination locations. The current business is a high end, upscale, imported designer clothing boutique, which may not be the right fit for the area. The business name and website are not included in the sale. This could be an ideal location for a more moderate clothing business with unique offerings, a jewelry store, a boutique, or a gift store. The business occupies 1920 sq ft and has lots of storage, a beautiful build out (cost the Seller $150K), and a loft area for an office and sleeping area. The decor and furnishings are warm, upscale, and inviting. Due to financial reasons the Seller must sell ASAP.

Property information

Real Estate:

Lease

Lease terms:

The business occupies 1920 sq ft. and has a base rent of $3,680 per month plus NNN of $ 500. The lease runs till 12/31/2013 with an option to extend. There is an upstairs section that is perfect for an office and sleeping area. Seller has over $150K invested in furnishings and build out.

Leasehold rent:

$50,160 per annum

Location:

This business is located in one of the most desired areas in Seattle - Pioneer Square

Premises details:

This business has an outstanding location right in the heart of Pioneer Square. There is high visibility and foot traffic. The business occupies 1920 sq ft. and has a base rent of $3,680 per month plus NNN of $ 500. The lease runs till 12/31/2013 with an option to extend. There is an upstairs section that is perfect for an office and sleeping area. Seller has over $150K invested in furnishings and build out.

Size in square feet:

1,920

Other information

Expansion potential:

Pioneer Square, where this business is located, is a destination shopping area. There are many successful and thriving retail businesses in this area. The current owner has a high end upscale imported designer clothing store and this may be too high end for the location and not a good mix for the area The new owner may want to open a more moderate clothing store with unique offerings, a jewelry store, or another retail concept. This is a dynamite location

Competition / Market:

The Pioneer Square area has a very diverse group of businesses. It is one of the highest profile areas in Seattle. There are many successful and flourishing businesses in this area. It will be up to the new Buyer as to what type of business they want to put in this location.

Support & training:

There will be no training since the Seller is not selling the business name or website, but is simply selling the build out and Assignment of the Lease.

Reasons for selling:

Financial Reasons

Trading hours:

10AM- 6 PM (Mon – Sat) 11AM – 6 PM (Sun)

Financing available:

Cash or Bank Financing

Furniture / Fixtures value:

$50,000 (included in the asking price)