Profitable East Coast Multi-location Boutique Brand For Sale

Description

Women’s boutique business with several stores on the East Coast.

The company has been around for more than 20 years. Sales come from women’s fashion, outside brands and products sold under the company’s own label.

Financials

• Projected annual sales: more than $5 million
• Projected earnings: approximately $1 million
• Online sales: about 8% of total revenue

The $5 million sales figure and $1 million earnings figure are projections for the current year.

The company has stores in several East Coast markets. The locations are generally smaller-format boutiques. The original listing also notes long leases at the existing stores.

Most customers have come through reputation and word of mouth. Paid advertising has not been a major part of the business.

The merchandise mix includes outside brands together with the company’s own private label. Some customers have been shopping with the business for many years, including different generations of the same families.

Online orders currently make up around 8% of sales. There has been very little paid marketing behind the ecommerce side.

The owner has also been adding more products under the private label. Opening more stores and doing more online business are mentioned in the sale material as possible next steps.

The existing company setup can also be used for additional locations. No exact cost or financial forecast for opening another store was supplied.

The seller will help during the handover. Staying involved after the sale may also be discussed with the buyer.

Other Details

• Operating history: more than 20 years
• Asking price: not provided
• Number of stores: not provided
• Employee count: not provided
• Inventory value: not provided
• Exact store locations: not provided