Business For Sale

Iconic Women's Boutique - Lex's of Carytown

Not Disclosed, VA
Richmond City County

Asking Price: Annual Revenue:
$575,000 $1,271,103

Retail: Clothing & Accessories

Request More Information
Contact the Seller

RE: Iconic Women's Boutique - Lex's of Carytown Broker: Micheal Metzger
Owner Financing is Available!
Lender pre-screened with $86,250 down. Lender Pre-approved for financing subject to buyer qualification.

Quick Facts

Asking Price: $575,000
Annual Revenue: $1,271,103
Net Profit: Not Disclosed
Cash Flow: $278,326
Total Debt: Not Disclosed
FF&E: $130,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 17
BBN Listing #: 66134955
Broker Reference #: 2006-14160

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

This upscale women's boutique offers an exceptional selection of beautiful formal wear and casual wear to discerning clients. For over 20 years, Lex's of Carytown has attracted customers throughout the mid-Atlantic and has become a destination itself! While many retailers have experienced a decline in sales due to the Amazon effect, Lex's enjoys steady growth year-after-year as women and young ladies look for a personalized experience for that special occasion.

The owner enjoys the flexibility of a part-time schedule, relying on the experienced staff to provide the exceptional customer service that the shop is known for. By periodically shopping markets and fashion shows, the owner is able to carefully curate a wide selection of apparel that appeals to a diverse client base.

This transaction has been lender pre-approved for financing for a well-qualified buyer. The seller is willing to negotiate an adequate transition to help ensure success of the new owner and to provide brand continuity.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The 5,200 square feet shop is located in historic Carytown (sometimes described as a Georgetown-like) and has dedicated parking. However, it does not rely on foot traffic for business as it has become a destination in itself. It is expected that the buyer will negotiate a new lease under substantially similar terms. Assets=$130,000

Market Competition and Expansion:

Competition is limited as very few retailers can offer the quality, selection and service that Lex's of Carytown is known for. Upscale retailers like Saks and Nieman-Marcus often feel institutional and cannot provide the personalized experience that these customers expect. The industry continues to grow as formal occasions take on even more meaning in today's casual society. Even in a down market, customers won't skimp on that special dress! Growth is limited only by the imagination of the new owner. Specific opportunities include further expansion into the bridal sector as well as an expanded e-commerce offering.

Reason for Selling:

Seller is retiring.

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:

Request More Information
Contact the Seller is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!