This is an opportunity to take over very upscale men’s and women’s
“destination” boutique. This 7 year old company has a national reputation
and name recognition for being a leader in the high end casual fashion
industry. They have enjoyed extensive editorial coverage by the fashion
industry including articles in Elle, Vogue, the NY Post, US Weekly and
Women’s Wear Daily. They have also had media coverage on E! Entertainment,
MTV, and Access Hollywood.
They have great customer loyalty with over 20,000 clients in their database
including “A” list celebrities. (All customers are entered into a POS
software program) The store has generated over $800 per square foot in
sales. The average retail clothing store does about $200 per square foot.
They have also developed an E-Commerce web site and have already captured
10,000 e-mail addresses from purchasing customers.
They carry the largest selection of premium brands as well as cutting edge,
fashion forward, hard to find brands as well as upscale clothing and
accessories for the classic, sophisticated buyer. They have one of the
largest “denim bars” in the country and carry the best and hard to find
trend-setting labels.
* Gross sales:
2005 - $5,453,374
2006 -
$6,395,530
General Information
Year Established:
2001
Employees: 9ft -1 pt.
The company has a very solid and committed
team, including a general manager, shipping and receiving manager, web
co-coordinator and four sales associates (at 100% commission). All employees
are committed to knowledgeable customer service, client satisfaction and
creating an exciting shopping environment.
Facilities: They occupy 7,500 square feet in a very desirable
shopping center in one of the premier retail markets in the South East. They
have tons of parking and easy access. They have created a beautiful store
and spared no expense in the store build out. They have created a shopping
environment that brings loyal customers back on a routine basis.
Market Outlook
Competition:
There are many small shops that do not have the buying power of this store
and cannot get the most desirable brands. Large stores, including department
stores do not have the product selection. This company carries the top (hard
to get) brands and is very selective in what they sell. They offer the most
unique “of the moment” labels that will not be found at other stores.
Premium vendors want their lines in this store.
Growth and Expansion:
There are many opportunities to grow this company. Over the last 7 years,
the company has established a solid base and reputation in high-fashion
retail and has developed a market leading presence in a major South East
metropolitan market. This market will always be changing (latest trend in
fashion), but it will never go away. The right synergistic buyer will be
able to leverage the accomplishments of this company in many ways. Add new
locations… as an add-on for existing business… flagship entry into the South
East Market… gain a great location… enter a new market. It also holds
incredible opportunity for a buyer that loves fashion and wants to take over
and grow a very exciting business in this high end market niche. Use your
business, marketing and sales skills to take this company to the next level.
About the Sale
Financing:
Deal structure, terms, and conditions are negotiable.
Support / Training:
Owners are committed to a smooth transition. There is a solid team of
employees in place for the day to day operations of the company. Owners are
willing to stay in some creative/buying capacity on a long term basis for
the right buyer.
Reason For Sale:
Two of the 3 owners have started to raise a family. The owners are not
business people. They are creative people, and are not prepared to take the
company to the next level.