Rare Opportunity Highly Profitable Fashion Store For Sale

Business description

The owner of well established ladies upscale clothing store and boutique is going to retire. It is a consignment store with a huge customer base, and pays its suppliers of goods after the goods are sold. Therefore, the cost of carrying inventory and working capital is substantially less. It also has a resale permit. Party dresses such as bridal and prom dresses are sold on a consignment basis at a deep discount price. 70% of sales are consignment sales and the rest is from new designer clothes. Consignment sales are paid in 35 days after the sale, another positive fact for the store. Its Internet based sales account for 8% of total sales, which could be increased substantially with effective management of its own website for its huge customer base.

Property information

Location:

Bay Area

Other information

Support & training:

4 Weeks, 20 Hours Per Week

Reasons for selling:

Retiring

Financing available:

$75,000 7.5% 60 Mos

Inventory / Stock value:

$85,000 (included in the asking price)