Boutique Shop with Real Estate on Resort Community

Crossville, TN
Cumberland County


Asking Price: Annual Revenue:
$630,204 $365,674

Retail: Clothing & Accessories


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RE: Boutique Shop with Real Estate on Resort Community Broker: Colin Maher

Quick Facts

Asking Price: $630,204
Annual Revenue: $365,674
Net Profit: Not Disclosed
Cash Flow: $79,902
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 6
BBN Listing #: 918258549
Broker Reference #: 94356-611361

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Business Overview:

This one of a kind boutique shop is located in the heart of the Wyndham Resort community, providing a built-in loyal customer base proven by its consistent profitability with SDE totaling over $75,000 in 2018 and 2019. The boutique shop is the only one of its kind located in the Fairfield Glade mall on the Resort, offering several zip code protected clothing and accessories among numerous product lines from handbags and travel items to gourmet food items.

The boutique is laid out across two adjacent interior units, the real estate of which is included in the purchase of the business! Keep the same layout to maximize the sale of product, or lease one unit to another tenant for supplemental income. The choice is yours! Enjoy the benefit of additional car counts as the adjacent road that delivers traffic from I-40 to downtown Crossville was recently expanded to four lanes.

The new owner will have the support of loyal employees, the majority of whom have worked at the shop for close to four years and have experience in inventory management, employee management and administrative work. Retirees living on the resort are always ready, willing and able to join the team when a position becomes available, minimizing staffing issues!

The owner purchased this existing business in 2015 located in suite 100, and completely took it over in Jan. 2016. She then purchased the adjoining suite #105 to better layout and merchandise gifts and home decor items away from the woman's clothing and accessories.
In downtown Crossville approximately 30 minutes away, there are a couple of gift store there including a Hallmark store and a store owned by my friend, 5th Street Marketplace. There are no longer any stand alone women's clothing boutiques in Crossville. No retail chains that handle better quality clothing...only a store like Walmart in town. Cumberland County and Crossville proper is a small community.

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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