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Retail: Clothing & Accessories
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Business Overview:
Absentee owner selling Fashion Jewelry business located in a Philadelphia area Mall. Huge profit margins reach between 65% to 70%. Average sales are over $20,000 per month plus higher volume during Holiday Season. Owner expects sales to go up. The owner just invested $37,000 to construct a much bigger Kiosk in a more prominent spot of the Mall. Store is run by employees. No repairs done at the store. Seller financing available. Rent is relatively low at $4,100 per month and does not change during the holiday months. Inventory is around $30,000 and cash flow after all operating expenses is around $95,000. Seller is asking $120,000 which includes inventory in asking price.
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Reason for Selling:
Absentee owner.
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