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Sold for $230,000 Sold

Women's Apparel
Cape Cod, MA 02600

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1,800 sq ft
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Sold

Sold for $230,000 on Nov 2, 2015

Description

Trendy Women's Apparel Boutique Well Established - Over 30 Years in Business - Nice Cash Flow This popular and attractive women�s apparel boutique is located in a prime spot in bustling, Cape Cod location. It has been in business for over 30 years. The business has established a following of year- round and seasonal residents and visitors. There is an organically grown email database of over 7,000 names. The retail store, which contains over 1,800 square feet, is nicely designed and is fully equipped with attractive and functional furnishings and fixtures. There are eye-catching display windows. Sales per square foot are 23% above the norm for a business of this type ($709 vs. $575). Cash flow for 2014 was 15% which is somewhat better than the industry average of 13%. Having a working owner/manager on staff should save a full-time position (or about $50,000). The current wholesale value of the inventory is estimated to be about $175,000. The inventory is included in the asking price. This fluctuates depending on the time of year. The business has a robust website which over the past three years has accounted for over 20% of sales. The current lease goes through January, 2017 and can be extended or the landlord will write a new lease on similar terms with options to extend. Included in the sale are all the assets of the business including equipment, furnishings, fixtures, POS System, trade name, leasehold improvements, assignment of the lease, customer lists, exclusive vendor list, technology, phone number(s), website and online store, proprietary marketing, social media, promotional and packaging materials, and other items required for operation of this Turn-Key business along with the store�s unique niche, excellent reputation and good will.

Features

  • Cash Flow: Six figures
  • Cost of Goods: Industry Standard
  • Curb Appeal: Excellent
  • Equipment: Up to date
  • List Date: 12/23/2014
  • Longevity: 30 years
  • Online Store: Yes
  • POS System: In Place
  • Reputation: Excellent
  • Retail Site: Yes
  • Seller Financing: Some Possible
  • Signage: Attractive
  • Site/Location: Excellent
  • Social Media: Yes
  • Technology: Digital POS
  • Tourist Friendly: Very
  • Training: Yes
  • Turn Key: Yes
  • Website: Yes
  • Work Force : In Place

Jim Vaccaro
Jim Vaccaro

Cape Cod Business Brokers
Mashpee, MA 02649

508-477-6053
Contact Me

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