Upscale Lingerie Boutique
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $238000
Net Profit / Cash Flow $73000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 1 - 3
Inventory 60000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Description Asking: $162,500.
2008 Sales: $238,000.
2008 Income: $73,000.
Store is located in prime location on US Route 1 north of Boston. Price includes purchase of turn-key owner-operated 1400 sq. ft. retail lingerie and exotic clothing store complete with furniture, fixtures, security system, lighting, mannequins, displays, 800 sq. ft. furnished offices and finished stock room. Price also includes all inventory on hand approximately $60,000 wholesale. Retail store generated $238,000 in sales in 2008 up 80% from 2007 sales of $132,000 with 2008 earnings of approximately $73,000. 2009 1st quarter sales are currently slightly ahead of 2008. Purchase is not a stock sale of The Spice Closet, Inc. and will not include any aspect of the corporation's Internet operations or the ongoing use of the name ''The Spice Closet.'' Interested parties of this Lingerie Boutique for sale to email or call (781) 233-6727 ask for Tom.
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