9 High-End Boutiques Stores In Desirable Locations
Not Disclosed, MN Not Disclosed
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- RE: 9 High-End Boutiques Stores In Desirable Locations
- Contact: Chris Lappen
Quick Facts
| Asking Price: | $3,925,000 | |
| Annual Revenue: | $3,100,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $400,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $1,950,000 | |
| Year Established: | 2018 | |
| Employees: | 40 | |
| BBN Listing #: | 980232 | |
| Broker Reference #: | 11742 DJ CL |
Business Overview:
Minnesota, locally owned women’s clothing, accessories, home goods and gift boutique with nine (9) storefronts in desirable, high-traffic shopping locations. The business offers a uniquely curated selection of high-end goods at affordable prices that reflect the latest trends. They have been in business for over 6 years and due to demand have expanded their footprint to strategic locations throughout the state. A very loyal customer base with strong brand recognition has supported their growth. Store managers in place with great staff at all locations. They own the real estate at five (5) of the locations and lease the other four (4). This opportunity is only available due to the owner’s retirement. 2024 revenues are expected to exceed $3MM (2023 - $2.8MM). The asking price for the business is $1,975,000 which includes over $1MM in inventory. Real Estate can also be purchased for an additional $1,950,000. The owner may consider selling individual locations. They would also assist a new buyer in the transition of the business. For more information, please contact Chris Lappen or Duane Johnson.
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Reason for Selling:
Owner RetiringAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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