NOT DISCLOSED, Michigan
| Asking Price |
$189,500 |
Year Established |
2008 |
|
| Annual Revenue |
$590,863 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Drew McLean |
|
| Annual Cash Flow |
$126,180 |
Listing Number |
990315 |
|
| # of Employees |
2 |
Business Category |
Retail: Clothing & Accessories |
|
Business Overview:
Nestled in the heart of Michigan's year-round tourist region on beautiful Lake Charlevoix, this thriving boutique offers a perfect blend of style and practicality. Established in 2008 and beloved by both locals and visitors for nearly two decades, this boutique has built an impeccable reputation through its thoughtfully curated selection of women’s clothing and accessories, home decor, and unique gifts that capture the essence of lakeside living. It's proximity to Boyne Mountain Resort's 6.5 million annual visitors contributes to the stores all season success.
With attractive annual revenues and impressive seller's discretionary earnings, this turnkey operation demonstrates consistent profitability in a prime location. The store has become an integral part of the community fabric, with strong local connections and a loyal customer base that returns season after season. A robust downtown business community and well established main street and local events keep the business and community thriving regardless the time of year.
This rare opportunity allows a new owner to step into a well-established business with proven systems, vendor relationships, and a dedicated staff. The store's strategic merchandise mix appeals to both practical needs and decorative desires – offering vacation essentials alongside distinctive home accent pieces that visitors treasure as reminders of their Michigan getaway.
Perfect for an entrepreneur seeking work-life balance in a picturesque resort community, this boutique offers the ideal combination of lifestyle business and solid investment. Don't miss this chance to own a cornerstone retail establishment in one of Michigan's most charming lake destinations.
Property Features and Assets:
<p>Monthly Rent: $1,500.00<br><br>Square Units (Foot, Meter): 12,000<br><br>Lease Expiration Date: December 31, 2025, 12:00:00 AM<br><br>Terms Options: New lease<br><br>FF&E Overview: Typical fixtures needed to successfully appeal to shoppers of all ages and interests.<br><br>FF&E General Condition: Good<br><br></p>
Market Competition and Expansion:
<p>Competition:<br></p><p>There is not much competition in the market due to the owners long standing relationships with quality vendors and there commitment to giving her exclusive rights to their lines of products. Clientele is primarily female but the demographics includes all ages.<br></p><p><br></p><p>Expansion:<br></p><p>With a prime location in a popular four-season tourist town, the boutique is well-positioned for growth. A new owner could explore:<br>• Expanded e-commerce sales to complement the physical store<br>• Additional product categories or private-label merchandise<br>• More events & collaborations to enhance community engagement<br>• Extended hours or seasonal pop-ups to capture more revenue<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity