This Retailer has 100's of 1,000's of passer by Yr

Traverse City, MI
Grand Traverse County


Asking Price: Annual Revenue:
$289,900 $311,500

Retail: Clothing & Accessories


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RE: This Retailer has 100's of 1,000's of passer by Yr Broker: William Malek

Quick Facts

Asking Price: $289,900
Annual Revenue: $311,500
Net Profit: Not Disclosed
Cash Flow: $102,600
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 1874
Employees: 2
BBN Listing #: 371856932
Broker Reference #: 210322

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Business Overview:

Current Management is ready for retirement and the business is located is one of the most robust retail operations in the country. The expansion would come through internet sales and an additional product mix.

This Retailer is located in Downtown Traverse City but serves Northern Michigan. The Company offers repair services along with its retail operations. The Company leases its retail space with 2,100 square feet and additional basement storage at $2,700 per month. The Lease expires in October of 2021 however it is renewable.

Votruba offers brand names such as Briggs and Riley, BRX, Sympatico, Dilana Duffels, Ricardo & Delsey Luggage. Baggallini is the most popular brand of Lady's handbags.

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:

This Company is a turn-key operation walk-in and take over.

Market Competition and Expansion:

The expansion would come through internet sales and an additional product mix.

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.

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