Tropical Virgin Islands Ladies Fashion Store for Sale

Business description

Womens' boutique with plans to expand into mens'. Specializes in brand name apparel, bags, jewelry, footwear and accessories from reconizable industry brands in sizes 2-24. Primary clients include professional individuals of varying backgrounds and income levels, tourists and day-trippers from neighboring islands. Anticipates sales will double in the next 12 months.

Property information

Real Estate:

Lease

Lease terms:

Two years remaining on the lease with annual option to opt-out of lease. Lease also includes options expand in other clothing categories such as men, children and domestics.

Location:

1,300 sqft with office, restroom, storage room and dressing room. Fully air conditioned with four large glass windows with two glass doors, alarm system and security gates. Low rent includes utilities and CAM. Illuminated store sign out front. Across the street from St. Thomas' premier cruise ship port. Experience high traffic from cruise ship passengers and crew as well as locals everyday of the week. Hours are typical early morning (9:00 am) to evenings (8:00 pm). High vehicle and pedestrian visitors. Area includes banks, lots of local restaurants, jewelry stores and major US franchises such as Wendy's, KFC, Hooters, Subway and Radio Shack.

Other information

Expansion potential:

Able to expand to both the left and right if any of the existing tenants were to leave. Also, back wall can be removed for extra floor space if needed.

Competition / Market:

Very minimal because of the location and product mix which includes footwear, apparel and accessories.

Support & training:

Two weeks.

Reasons for selling:

Owner works for government with a heavy work schedule. Fiancée' wishes to relocate. Owner would just like to sell on or about cost.

Trading hours:

Mon - Sat 9am to 7pm, Sundays 10am to 5pm

Furniture / Fixtures value:

$15,000

Inventory / Stock value:

$45,000

Contact the seller

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