Growing Designer Shoe and Accessory Store
Location: New York > Westchester County
Industry: Clothing and Fashion > Clothing and Footwear Retailing
Financials
Asking Price: $95,000
Gross Revenue: $324,300
Cash Flow: $45,000
Inventory: $300,000 (Not Included in Asking Price)
FF&E: $16,000 (Included in Asking Price)
Business Summary
Sales grew 38% in 2007!!! Designer Shoes and accessories on par with the best. Store currently has high inventory but owner will work with buyer to sell down or keep what the new buyer doesn't want to purchase. Store is fully staffed. Current owner works about 15 hours a week. Increase the profits if you work in the store. Complete and accurate records, tax returns etc. POS system. This store is just hitting its stride and is set up for further growth. Brands carried include Tory Burch, Stuart Weitzman, Lilly Pullitzer
About the Business
Year Established: 2005
Employees: 9 part time
Facilities: Nice shop in one of Westchester's river towns. Year to year lease with 5% increases. Current rent is $2,500 per month.
Market Outlook and Competition: Competition: There is no other store in Westchester, including Nordstrom and Nieman-Marcus that sells as broad a line of high end shoes and accessories.
Growth and Expansion: Continue to market to a purchased mailing list of 7,500 potential customers, and stay in contact with the store's own 3,000 client database
About the Sale
Management Training and Support: as negotiated
Reason For Selling: Moving
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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