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Well Established Upscale Women Consignment Boutique For Sale

Hampton Roads, Virginia, US
Asking Price:
$249,700 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$492,847 (USD)
Cash Flow:
$103,158 (USD)

This long-standing successful business has developed a great reputation and customer base that generates steady income for the Seller; with increased revenue each year. A pivot in marketing during 2020 has sales increasing by more than 25%, with continued growth in the current year as well. This high-end boutique is located in a rapidly growing area, well-kept strip center with major anchors and outbuildings. While the owner is active in the business there is a great team in place that runs the day-to-day operations, including Opening & Closing the store.

Property Information

Real Estate:

Lease

Lease Terms:

$4148.25/month lease
Lease ends Oct 2022, with 1 option of 3-5 years

Location:

Located in a growing area, in a well kept strip center with major anchors.

Premises Details:

A perfect location with a good mix of higher to mid income; with even more growth in
development. Established Shopping Plaza is well maintained with long standing
business neighbors; major anchors.

Business Operation

Expansion Potential:

There are a few good avenues on growing this business; owner will be happy to
discuss.

Competition / Market:

Fast Growing area, store is well established with a steady stream of high-quality
inventory, friendly/knowledgeable employees, updated equipment, top-notch
operating systems.

Reasons for selling:

Owner's husband is being transferred

Trading hours:

10 to 6pm Mon - Fri, 10am to 5pm Sat

Employees:
7 part time
Years established:
18

Other Information

Support & training:

Up to four weeks training, with an additional four weeks phone support.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$30,000 (USD) - included in the asking price

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