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Asking Price:	$150,000 USD USA Dollars
Business for Sale Industry:	Retail: Clothing & Accessories
Reason for Selling:	Retirement
Year Established:	1983`
# of Employees:	2 Full Time, 5 Part Time
Yearly Revenues:	$734,473
Yearly Cash Flow:	$112,101
Yearly Gross Income:	$734,473
Monthly Payroll:	$9,188

Business for Sale Overview:

This boutique was voted best in Detroit for women’s fashions by Detroit Monthly. Known for stocking the latest fashion trends for stylish women over 25, the store has a mixture of active and sportswear, cocktail, outerwear and accessories from European and American well-know designers. Some lines are exclusive to Michigan. They change their showroom often and do not stock old merchandise. Currently most advertising is done by email and direct mail to their own extensive mailing list. After 35 years, the original owner wishes to retire completing an extensive retail career.

Property Features and Assets:

This 3,000 square feet store has very attractive window displays, signage and store fixtures and is located in a prime strip center with other well known national and local destination stores. The inventory is always very trendy, current and arranged to attract. There is good foot traffic from the other stores and restaurants. The current lease expires January 31, 2011.

Market Competition and Expansion:

There is an active web site that could be expanded to include e-trade. Some of the stores original jewelry would make a good test case. The store hours might be increased to include evenings and/or Sunday. There are a small number of independent high fashion women’s boutiques in Oakland County but nothing in the immediate area. The three most prominent stores are east and west of this location. Since the boutique features a few exclusive lies, women have more incentive to return. In addition, they have an extensive customer list with long standing loyal customers.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.