Women’s Boutique with 2 Managers

Not Disclosed, IA
Des Moines County


Asking Price: Annual Revenue:
$192,000 $1,173,795

Retail: Clothing & Accessories


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RE: Women’s Boutique with 2 Managers Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $192,000 12.5% Buyer Down Payment: $24,000 12.5% Seller Financing: $24,000 75% Bank Loan: $144,000 A 12.5% down payment of $24,000 returns $14,859 in the first year after debt payments!

Quick Facts

Asking Price: $192,000
Annual Revenue: $1,173,795
Net Profit: Not Disclosed
Cash Flow: $85,346
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 16
BBN Listing #: 993834398
Broker Reference #: RTL006

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Business Overview:

With nearly $1.2MM in sales, this Des Moines area fashion boutique has two locations with managers already in place, allowing passive ownership! Dressing women of all ages, this dynamic clothing shop sells apparel including tops, pants, skirts, dresses, sweaters, cardigans, shoes as well as accessories. With easy style and affordable prices, this shopping destination (both locations) is highly regarded by their customers. Excellent social media reviews boost traffic to the storefronts and quality items keep them returning. These shops are both franchise locations and excellent training, support, and marketing are available from headquarters. Managers take care of the day-to-day operations, while the owner of these locations focuses on marketing, business operations, and purchasing. The buying team attends market four times a year, ensuring an ample amount of new merchandise.

Both locations are in highly-trafficked areas of town, with one in a popular retail destination. There is a manager and 7-8 part time employees at each location. Location one has 1,700 square feet of space that features a large retail space, dressing rooms, and ample storage. Location two has 2,000 square feet of space with a very large retail floor, multiple dressing rooms, as well as storage for back stock. Both locations are fully staffed, and each has a dedicated manager in place. There are seven-to-eight part-time retail associates who help to run the day-to-day operations.

This business has been on a growth spurt, but continued gains could be found in boosting online engagement and advertising, investing in search engine optimization, and consider some out of the box marketing techniques.

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Property Features and Assets:

Location 1: 1,700 square feet: Busy area, large retail floor, dressing rooms, storage area; Location 2: 2,000 square feet: Retail district, large retail floor, dressing rooms, storage area.

Market Competition and Expansion:

Advertise in local media markets, engage on social media, run specials to bring in new customers, explore pop-ups at local events, invest in SEO (search engine optimization).

Reason for Selling:

Health

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.

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