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Listed by:

VNB Business Brokers

High End Fashion Boutique Affluent Area For Sale

Rye, NY, New York, US
Asking Price:
On request Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,263,292 (USD)
Cash Flow:
$121,497 (USD)

This business is a renowned and beloved high-end fashion boutique that offers a wide selection of clothing, bags, accessories, and more. Since it was established in 2010, the brand has continuously seen upward growth that is projected to continue. It caters to a fashionable and high-income clientele and has a loyal client base.

The business sells a wide selection of clothing, jewelry, bags, and other goods that are curated by the current owner. The business has also diversified its revenue stream by offering services such as styling and alterations. The business offers convenient door-to-door delivery for its customers.

* Note, Cash Flow for 2020 is not fully representative of the business' successes due to the business being closed for 4 months during the pandemic and additional operating restrictions. SDE for 2019 was $433,765 and $430,169 for 2018. Gross Sales were $2,460,465 for 2019 and $2,771,022 for 2018.

Property Information

Real Estate:

Lease

Lease Terms:

Business has a 3 Year Lease with 3 Year Renewal Options with 2% Annual Adjustments

Leasehold Rent:

$36,000 (USD) per annum

Business Operation

Reasons for selling:

Relocation

Employees:
3
Years established:
2010

Other Information

Furniture / Fixtures value:
$335,000 (USD) - included in the asking price
Inventory / Stock value:
$325,000 (USD) - included in the asking price

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