Upscale Accessories And Gifts
Location: United States -> Texas -> Dallas/Fort Worth -> Collin County
Industry: Retail > Other Retail
Businesses for sale Summary
A very unique accessories and gifts boutique for sale, located in an upscale and rapid growing area of Collin County, Texas. The business was started in 1998 and in its present location for over six years. They have been experiencing annual growth averaging over 12.5% per year over the last three years and have continued that growth into 2008. The 2008 YTD thru October revenues are up 3.8% over last year. They carry a wide selection of unique items with many exclusive brands. The store provides shoppers with a unique collection of products with unparalleled customer service. This store represents that very special opportunity that has the market demand, established name recognition, a loyal customer base, and a great location. They have over 9,000 customers in their database with over 4,100 repeat customers. The business has been pre-approved for SBA lending.
Facilities: The store is located on a major thoroughfare, in an upgraded shopping center, and right beside the center’s anchor store. The store is beautifully appointed, is in an excellent market and is uniquely positioned to flourish for many years to come.
Market Outlook and Competition: Some local competition but nobody that can match the product selection, name recognition, and customer service.
Growth and Expansion: Even in a down market the business is still growing with a 12.69% growth in 2007 and 3.8% growth thru October in 2008. With a similar growth in 2008, the Cash Flow is projected to be over $150,000. The business has a Cost of Goods that is well over the industry average so a new owner has the opportunity to increase the Gross Profit even more immediately.
Financials
Asking Price Range: $250K – $500K
Gross Revenues: $849,108
Cash Flow: $123,848
Cash Flow Type: EBITDA
Inventory: $150,132
Seller Financing: Not Disclosed
About The Business
Year Established: 1998
Number of Employees: 10 – 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Up to thirty days training and support.
Reason For Selling: Retirement.
