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  • RE:  Fashionable Ferndale Boutique
  • Contact:  Paul Richard
  • License #: 302605

Quick Facts

Asking Price: $150,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: $6,502,374
Year Established: 2014
Employees: 2
BBN Listing #: 984430
Broker Reference #: SRS-25001

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Business Overview:

This is probably one of the best locations in Ferndale for a retail store.  Extremely high traffic count supported by many Ferndale year-round events.  The store has recently been built-out with a price tag of approximately $300,000.  It has been operating in the area for over 10 years and it has a great reputation and a diverse customer base.  Everything in the store is included: inventory, rack systems, display cases, artwork, POS system etc.  The space is approximately has 2,000 square feet with 2 dressing rooms, a private office, bathroom and a janitorial closet.  The lease expires in October of this year.  The Landlord is very open to negotiating a new lease with the incoming tenant.  As a bonus, the Seller and Landlord are willing to let the new tenant operate under the current lease for the remainder which has already been paid for by the Seller.  A great opportunity to get in, get settled and be ready for the busy summer season and the traditional busy last quarter of the year for any retail business.  The Seller is willing to stay on as a consultant to ensure a smooth transition which would include training in all aspects of the business.

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Property Features and Assets:

Completely remodeled retail space on a main road in a very busy area.

Reason for Selling:

Moving

Additional Details:

  • The property is Leased.
  • 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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