Exclusive 30 Year Ladies Clothing Business In Edmonton For Sale

Business description

Vr Business Sales in Edmonton AB presents: A gem of a business this exclusive ladies clothing business in west Edmonton (2 locations) specializes in professional clothing and high end designer fashions. This 30 year old business is a must see and carries the designer names that offer professional women great fit AND great style. To name a few designers this business carries Jones New York, Anne Klein, Simon Chang, Tahari, Micheal Kors, Eric Alexandre, and Nicole Miller. This retail business also has the accessories to help clients complete their look. This business is ideal for the business person with a good eye for fashion. Seller is willing to train and work with the new owner to pass on the long term/solid supplier relationships and purchasing techniques that have made this business a huge success.

Tremendous, reasonably priced leases are in placed which are assumable. Discretionary earnings are amazing at $233,403 in the most recent year with consistent earnings in previous years! This business is priced to sell!!! Financing is available on this business.

Property information

Real Estate:

Lease

Premises details:

Leaseholds are reasonably new and stores have been upgraded in the last few years. To set up a new store is over $200,000.

Size in square feet:

2,500

Business Operation

Expansion potential:

This operation has loyal employees, as well as a very loyal, long term clientele base. Long term staffers willing to transition to a new owner. This has been an owner absent operation and there is room for this operation to grow with a hands on manager.

Competition / Market:

This business is 2 high end ladies retail store with a buying focus on professional women in the 30-60 year old category. These shops are in plaza strip malls - they are destination shops. Purchasing is very selective in order to cater to all ages of professional women.

Reasons for selling:

Retirement

Trading hours:

Weekdays 10-9 PM, Saturday 9:30-5, Sunday 12-5

Employees:

2FT 2PT

Years established:

1981

Other information

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$270,000 (included in the asking price)