North County Coastal High End Clothing Boutique For Sale

Business description

This one of a kind, high-end clothing boutique has been serving San Diego’s (among many other cities’) rich and famous for over 10 years. Known for its cutting edge selection of high-end fashion and rare clothing collections, this boutique keeps its customers (primarily women, but some men) up to date on the latest and greatest styles emerging from the Los Angeles, New York and European markets. This business has impressively maintained consistent sales, as 2008 revenues were within 10% of revenues in 2005. Numerous awards and press releases, a long list of repeat loyal customers, and unique selection of high end fashion set this business apart from the rest.

Property information

Real Estate:

Lease

Location:

The business is located in a 2,250 square foot facility that leases for $10,500 per month (including CAM). The lease is valid until 2014 with a five year option. The sale includes all the assets of the business including the name, website, equipment, furniture, fixtures, computer equipment, customer base and goodwill. At least $500,000 in inventory will be sold in addition to the asking price. Inventory will be at cost at close.

Other information

Expansion potential:

his business still has room to grow. The owner has yet to develop an online presence or internet distribution channel. A new or updated website could allow customers to view the seasons’ styles and brands, order merchandise, join mailing lists, post blogs or comments, or “tweet” styles not provided by the boutique. Similarly, a better web presence will allow a new owner to capitalize on the formidable customer database by emailing customers the latest additions, coupons, etc.

Competition / Market:

Competition is considered medium as other high-end boutiques exist in the area, however this store has continued to surpass its competition in terms of selection and customer service, both of which remain unmatched by other boutiques.

Support & training:

3 wks at 30 hrs/wk

Reasons for selling:

Moving

Financing available:

Not Offered

Furniture / Fixtures value:

$20,000 (included in the asking price)

Inventory / Stock value:

$50,000