Women's Boutique Clothing Pacific Palisades
Location California,United States
Asking Price Range < $250K
Gross Revenues $180000
Net Profit / Cash Flow $54000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 1 - 3
Inventory 20000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks, 40 hours per week.
Reason for Sale Partnership split.
Description Right in the heart of it all is this trendy and cute women's boutique clothing store for sale. Not quite the insane price points as its neighbors, however, still a markup average of 100%. Cogs is about 55% for many items in the store. You can\'t beat the location, as the daily traffic and walk-in traffic counts are high. Inventory at cost of $20,000 is included, along with an $8,000 leasehold improvement of new air conditioning system also included. Sellers do not spend any time at the store, so the annual adjusted net of $54,000 would be for a reduced payroll amount of $36,000 added back as a benefit to a new hands-on owner. Currently they average $3,000 per month in payroll expenses alone. You have to see the store to believe it, plenty of upside, and the price is right. Won't last at this price, NDA is required for exact business address. Close to Santa Monica, Malibu, good for an expanding retailer who wants another flagship location in a high net worth area. Without name-dropping, suffice to say there are plenty of famous a-list celebrities who shop here on a regular basis.
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