Description Asking Price: $146,500
Gross Sales: $659,000
Cash Flow: $136,500
Included in the Asking Price: All Displays, Shelving, Fixtures and Signage Valued at $15,000.
Not Included in the Asking Price: Inventory Valued at $122,500.
Summary: Established in 1942, this high-end women's fashion boutique is a treasured retailer of elegant designer apparel to the northern Rhode Island community it serves. With a long-established customer base it attracts fashion conscious shoppers from all of Rhode Island and nearby Massachusetts and Connecticut. The store offers a special occasion collection featuring day into evening dresses, cocktail dresses and mother of the bride attire. Offered are world-famous collections Teri Jon, Marisa Baratelli, Daymor, Theia, Nicole Miller, Carmen Marc Valvo and many more. Also offered is an exciting sportswear collection of brand names such as Vince, Elie Tahari, St. James, Fabrizio Gianni, White and Warren, Autumn Cashmere, Theory, Majestic,and Lafayette 148. The store also sells outerwear and fashion accessories and offers custom fitting by their expert seamstress. The business employs 2 full-time and 2 part-time staff.
Facility: This elegant boutique is centrally located in the downtown area of a prestigious Rhode Island community, with easy access from major highways, in a attractive and well-maintained retail building. This facility of 3,500 sq. ft. has recently been upgraded and now has a stunning and well-lit merchandise display area, with a rear storage room and separate office area. A lower level houses additional storage for merchandise and seasonal decorations and has a dedicated work area for the full-time seamstress. Parking is readily available on the street or in two nearby parking lots. Rent including CAM charges totals $6,900/month.
Furniture, Fixtures and Equipment: Includes all store furniture, shelving, displays, trade fixtures, signage, etc.
Hours: Open 9:30-5:30 Mon-Sat.