Seller's Contact Information
- RE: High-End Boutique In N. Dallas
- Contact: Moon Kim
- License #: 567204
Quick Facts
Asking Price: | $250,000 | |
Annual Revenue: | $747,557 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $83,753 | |
Total Debt: | Not Disclosed | |
FF&E: | $15,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2018 | |
Employees: | 5 | |
BBN Listing #: | 80119188 | |
Broker Reference #: | 001259 |
Business Overview:
Retail business for sale! This high-end contemporary boutique with personalized customer service in North Dallas is now available for acquisition. This privately owned boutique was established in 2018 by current owners, who noticed an opportunity in the Dallas marketplace to open a boutique offering a unique product assortment of high-end designer clothing and accessories with a focus on personalized customer service. This business occupies 1300 SF of retail space along a retail strip in a competitive and affluent area of North Dallas. Since opening its doors, this business has seen a 17% increase in sales from 2018-2022 and has built a solid social media presence on platforms such as Instagram, approaching 10,000 followers and growing. Most customers are women ages 18-65 from an affluent demographic in the local area and online store. The emphasis on providing personalized customer services such as personal styling and special ordering has allowed this business to build strong customer relationships that have become regulars to the business. This boutique maintains a solid marketing plan through client outreach, in-store events & trunk shows, and digital marketing, including email, social media, influencer marketing, sales, and promotions. Competition is expected in this industry; however, the competition in the immediate area lacks the highly personalized customer services offered by this business while maintaining a brand mix different from nearby competitors. This business will likely grow as the Dallas County population continues to increase. With SEO and SEM optimization, future growth can also be achieved to further compete with other online competitors in the booming eCommerce sector. Some additional ways to proactively market this business include direct mailing, flyers, and acquiring additional online customers by offering loyalty programs. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation. This business is a perfect fit for an owner-operator with industry experience and tech-savvy enough to help continue growing the online presence. An owner with additional family help to run the business will significantly save wage expenses.
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Property Features and Assets:
This business is located in a 1,300 Square Feet retail space along a retail strip surrounded by numerous densely populated residential neighborhoods, and apartment complexes. Nearby traffic from the major road allows this business to enjoy prime visibility. / Inventory: $53,000 (Included in listed price).
Market Competition and Expansion:
Competition: Competition is to be expected from both the local area and online. Nearby competition selling similar products. Competitors lack highly personalized customer service. This store also maintains a different product mix than the nearby competition. Growth and Expansion: Potential growth can be expected with a rapidly increasing Dallas County population. Expanding the category of products and personalized services offered can be ways to achieve growth. Increasing the online presence will also be key to acquiring more online customers.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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