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Highly Profitable Women's Fashion/Accessories Boutique. Nashville, TN (Davidson County)
Ad#:2263497
Asking Price: $2,238,000 is base price plus inventory at cost
Cash Flow: $754,635
Gross Revenue: $3,076,297
FF&E: $230,000 at cost when acquired (market value ~$40,000
Inventory: ~ $250,000 (not included in price)
Rent: $6,666.67 per Month plus property taxes, insurance, CAM
Business Description
Established Nashville Area clothing and accessory fashion boutique generating cash flow of ~ $880,000+ over a 3 year period. Well-staffed solid team with several managing leaders, stylists, and inventory/back-office support members. Fantastic location in Nashville's hottest neighborhood. Fun, community-oriented, feel-good business. Established local clientele. Attracts tourists as well. Nashville remains one of the fastest growing cities in the nation. The owners will provide training and transition to a new owner. Perfect for a strategic buyer seeking to expand their business or to get a foot in the door to Nashville. The current owners have been scaling back involvement in recent years.
Ad#:2263497
Detailed Information
Detailed Information
Location: Nashville, TN
Inventory: Not included in asking price. Runs between $ and $200,000 and $300,000 (cost basis)
Real Estate: Leased
Building SF: 2,600
Lease Expiration: 1/1/2030 (inquire with broker)
Employees: 13
Furniture, Fixtures, & Equipment (FF&E): Included in asking price. Est. market value of FF&E ~$40,000.
Facilities: Fantastic location in top neighborhood. The facility is in "like new" condition and is very inviting/stylish. The floorplan is spacious, open, and well-lit featuring a variety of display options for the clothing, shoes, jewelry, hats, and other accessories. The shop carries a variety of well-known high end and casual designers. There is something for everyone in this popular boutique. Multiple parking options including street parking, lots and parking garages. FF&E at acquisition cost ~$400,000+.
Competition: The business is in a prime location. Additionally, the business brand is well known as being a top, higher end, designer destination, carrying a wide variety of top brands. Many brands are area exclusive to this Company. Tourists and other Middle TN shoppers frequent this shopping area when looking for a fun place to eat, shop and feel that sense of local hospitality. There are other shops in the area with the usual competition.
Growth & Expansion: This can be discussed with the owners.
Support & Training: The Broker's Confidential Information Memorandum is very detailed. We anticipate that a great deal of "learning" will take place during due diligence between a Letter of Intent signing and closing. The Seller will additionally provide a reasonable training (~ 2 months). Note that there is experienced management/staff in place.
Reason for Selling: Retirement and Travel