Business For Sale

Retail Specialty Clothing Shop

Not Disclosed, NC
Wake County


Asking Price: Annual Revenue:
$530,000 $1,142,420

Retail: Clothing & Accessories


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RE: Retail Specialty Clothing Shop Broker: Heather Holding
Owner Financing is Available!
$53,000 down/$53,000 for 120 months @ 7%/Other Financing.

Quick Facts

Asking Price: $530,000
Annual Revenue: $1,142,420
Net Profit: Not Disclosed
Cash Flow: $156,627
Total Debt: Not Disclosed
FF&E: $23,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 21
BBN Listing #: 37784955
Broker Reference #: 1307-14171

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Business Overview:

This well-established and popular business is successful and profitable. Continually adapting to trends in fashion this business specializes in clothing options for adult and youth dancers, cheerleaders and gymnasts.

Revenue has increased over 20% in the last three years. With an extremely large and loyal customer base and a newly updated rewards program combined with online sales, the business is on track for another increase in 2018.

Several key employees with special customer relationships will remain after the sale. The seller estimates that 60% of the current customers are recurring.

Price includes $200,000 of inventory.

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Property Features and Assets:

The building in which the business currently operates is a leased space in a retail shopping center in a high-traffic area. The current space is approximately 5,000 square feet, allowing for fitting rooms, shoe store and gift shop. Assets=$223,000

Market Competition and Expansion:

Companies in the specialty clothing industry operate physical establishments as well as an online presence. While many customers appreciate the convenience of online shopping for the basics, many dance studios have specialized requirements for their students’ shoes and clothing which makes traditional shopping necessary. The challenge is to integrate the two worlds to provide consistency in customer service and experience. Customer service is especially important to create a repeat clientele. Sales associates can establish personal relationships by learning customer preferences and by demonstrating knowledge of the specialized nature of sportswear. Everyone wants to feel special and will pay more for a unique outfit or one that is tailored to their tastes. The biggest opportunity for growth is to increase the percentage of online sales. The initial efforts of the current owner will materialize as the industry turns more online.

Reason for Selling:

The owner seeks to retire.

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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