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Clothing Business For Sale (New York, United States) Asking Price:$700000

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Clothing Business For Sale


Revenue $Available on Request, Cash Flow $Available on Request, Established 1990

Fashionistas! This is the women’s boutique shop for you! The owner had a passion for the fashion industry and started this business over 20 years ago. The business originally opened as a small shop that expanded into a business requiring considerably more space. The store is located in an attractive upscale location. The store features women’s designer clothing, handbags, jewelry and accessories, sold on concession. 
 
The beauty of the business model is it requires no cash outlay for inventory. The store’s (over 4,000 sf in total) can typically inventory over $700,000 in merchandise, all at no cost! Clients bring in merchandise they wish to sell on consignment. If management decides the clothing meets the store policy, an initial offering price is set by the store and agreed upon by the client. The client then signs a contact that stipulates that the store will reduce the price of the merchandise by 20% after 30 days and 50% after 60 days. After 90 days if the merchandise is unsold and unclaimed by the client, the merchandise becomes the property of the store. Many people simply leave the merchandise if it’s not sold after 90 days, lowering the stores cost of goods sold to less than 50%.
 
The store is operated essentially by an office manager with telephone support from the owner. The staff has been carefully chosen by the owner for their ability to deal with customers who can be demanding and have a high fashion consciousness. They are expected to remain with the store after the sale. While it is an excellent staff, the reality is sales is expected to increase and the business more profitable with an owner operator watching the cash register and personally involved in the overall operation, particularly marketing.

Business Information

Number of Staff

4 PT

Ownership

Yes

Any Expansion potential

Yes if needed

Reasons for selling

Retireing

Any Inventory / Stock value

Yes

Is this a home-based business

No

Property

Yes

Telephone

Business Location details

New York Co.,

Competition / Market

Ownership is convinced that the business needs a “hands-on” owner operator, able to pay closer a

Trading hours

Yes

Any Support & training

Owner will remain for a sufficient period of time to train and introduce the buyer to customers and

Any Furniture / Fixtures

Yes

Any Living Accommodation

Yes

Can this business be relocated?

No

Is this business part of a franchise?

No