Trendy Fashion Clothing Boutique In Santa Monica For Sale

Business description

Well known and successful trendy clothing store on Main St. in Santa Monica. Excellent location with a solid customer base and an industry expert willing to train the right buyer.

Characteristics:
- High foot traffic in hip tourist zone
- Well known for trendy fashions at reasonable prices
- Almost 25 years in business
- Still profitable in bad economy
- 35% COGS
- Base inventory turns over 3x/yr
- Low labor costs
- Reasonable lease rate
- Lovely interiors/build-out
- $50,000 in inventory
- Takeover fashion-insider supply chain

Clothing: Mytribe, Mur Mur, Cosabella, Only Heart, Spy-C, Monoreno, Elan
Shoes and boots: Frye, Mia, Medici, Gee Wawa, Aerosoles, Chinese Laundry. Cesare Paciotti, Robert Zur

Opportunity:
- Marketing! - seller does very-very little marketing
- Internet sales - seller doesn't do any on-line sales
- Seller has a multimillion dollar clothing manufacturing and merchandising background. Seller is willing to give extensive training to assure the success and reputation of the store.
- Landlord is agreeable to 3 years with 3 year option for credit tenant.

Interested parties please contact Shelli Margolin by clicking on the contact seller button below.

Property information

Size in square feet:

2,000 sqft

Business Operation

Reasons for selling:

Moving to Another City

Trading hours:

11 am - 7 pm 7 Days

Employees:

6 PT (fashion interns)

Years established:

24

Other information

Support & training:

Seller will train

Owner financing:

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

Financing available:

Call

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$50,000