Lingerie/Swimwear/Specialty Apparel Retail Store

Not Disclosed, FL
Palm Beach County

Palm Beach County


Asking Price: Annual Revenue:
$649,000 $902,578

Retail: Clothing & Accessories


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RE: Lingerie/Swimwear/Specialty Apparel Retail Store Broker: martin berliant

Quick Facts

Asking Price: $649,000
Annual Revenue: $902,578
Net Profit: $302,717
Cash Flow: $302,717
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 6
BBN Listing #: 559329831
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Specialty retail store that has established a unique niche for 31 years by selling quality lingerie, swimwear, and ladies apparel items for competitive prices. Same owner for 31 years who is now retiring. In 2019, store did Gross sales of $1.3M and profit of $230K. Advertised sales and profits from 6/1/20 thru 5/30/21 (store shut down over two months in spring of 2020 due to Virus and did not recover until early 2021). Margins have increased substantially after the virus due to better sales mix and reduced store hours of 10am-4pm Mon-Sat. About 35 percent of sales is swimwear, 35 percent of sales is lingerie, and balance is female clothing items. Fabulous long term lease in place in well located plaza for $8,300/month rent (2,640 square feet). Inventory typically turns over 5-6 x/year. Fully trained and longstanding sales staff in place (not paid on commission). Buyer may choose to implement online sales platform to increase sales. Inventory of approximately $250,000 (at cost) not included in asking price and is negotiable. Average sales ticket about $150. Please contact Martin Berliant for more information. Non-disclosure form and qualification is required.

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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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