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Prime location high-end urban men and women's clothing store with up-to-date clothing trends is available for acquisition. This business was originally established recently by the current owner of the business 2017. Most of the customers are middle-class African American individuals that live in the surrounding densely populated residential neighborhoods and individuals that travel to the local area by the major highway that is one street away from this business. Net sales average was $485,000/year that has been growing since the inception of the business through social media and word of mouth. Although some marketing is in place online and by word of mouth, other proactive marketing tactics can be fully utilized to maximize income potential and accumulate more customers that have yet to know of this business. Competition can be expected for any business within the clothing industry, but this business has separated itself from the general competition by having a better price point that is more affordable for the general population within the area. There are many ways to proactively market this business such as direct mailing, promotional clearance, flyers, online website, seasonal sales and expanding the clothing line brands. Having seasonal sales in place will allow this business to recoup some sales after each season with certain styles going out-of-season and will attract customers from all income levels. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.
$40,800 (USD) per annum
This business is located in a 2,345 SF retail strip center that is placed next to a major highway that brings consistent traffic and densely populated neighborhoods that house many residents.
Some marketing is in place through social media outlets, but other proactive marketing methods must be used to generate more cash flow.
Few competitors is within the immediate market area, but this business has an affordable price point that is much more eye catching than the competition.
Moving out of state
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
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