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Listed by:

VNB Business Brokers

Upscale And Trendy Long Island Boutique Clothing Store For Sale

Nassau County, New York, US
Asking Price:
$150,000 (USD)
Sales Revenue:
$489,988 (USD)
Cash Flow:
$69,473 (USD)

For sale is an upscale clothing store that offers a unique retail experience, favored by Long Island’s middle- to high-end demographic. It offers an extensive range of premier brands curated based on the latest trends and the global fashion market. As such, the business experiences strong demand from New York locals and customers who prefer a convenient and accessible shop with an e-commerce service.

The business has developed strong relationships with its regular clients, resulting in a substantial rate of repeat business. Its loyal customers and their daughters drive 70% of the business’s revenue.

The business provides its customers convenient access to its products through its website’s e-commerce functionality. The business also has thousands of followers across social media, expanding its customer base and enhancing its brand recognition.

It is supported by five reliable staff members capable of running the business while the current owner focuses on other aspects of the operations. The business also has a store manager in place, eliminating the need for the incoming owner to be heavily involved in the day-to-day operations.

Property Information

Real Estate:

Lease

Lease Terms:

10 Year Lease through 2027 with 5 Year Option

Leasehold Rent:

$59,400 (USD) per annum

Premises Details:

The business occupies a 1,100 sq. ft store fully fitted with visually pleasing décor, providing customers with a vibrant and upscale ambiance. The premises also has a sizable storage area positioned at the rear of the store.

Size in square feet:
1,100

Business Operation

Reasons for selling:

Retirement

Employees:
5
Years established:
2007

Other Information

Support & training:

2 weeks on-site training included as part of the sale. The current owner is amenable to consulting up to 20-25 hours per week post-settlement.

Inventory / Stock value:
$75,000 (USD)

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