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Lingerie/Swimwear/Specialty Apparel Retail Store For Sale

Asking Price:

Gross Revenue:

Cash Flow:

Down Payment:

$649000

$902578

$302717

649000

FF&E (included):

Inventory:

Financing:

250000

250000

Yes

Palm Beach County

Specialty retail store that has established a unique niche for 31 years by selling quality lingerie, swimwear, and ladies apparel items for competitive prices. Same owner for 31 years who is now retiring. In 2019, store did Gross sales of $1.3M and profit of $230K. Advertised sales and profits from 6/1/20 thru 5/30/21 (store shut down over two months in spring of 2020 due to Virus and did not recover until early 2021). Margins have increased substantially after the virus due to better sales mix and reduced store hours of 10am-4pm Mon-Sat. About 35 percent of sales is swimwear, 35 percent of sales is lingerie, and balance is female clothing items. Fabulous long term lease in place in well located plaza for $8300/month rent (2640 sq ft). Inventory typically turns over 5-6 x/year. Fully trained and longstanding sales staff in place (not paid on commission). Buyer may choose to implement online sales platform to increase sales. Inventory of approximately $250K (at cost) not included in asking price and is negotiable. Average sales ticket about $150. Please contact Martin Berliant at 561-827-1181 or email for more information. Non-disclosure form and qualification is required.

30 days

retirement

Home Based:

Franchise:

Willing To Train:

Required Licenses:

No

No

Yes

Year Established:

Year Aquired:

Relocatable:

1990

No

Days Open:

Hours Open:

6

10am-4pm

Full Time Employees:

Part Time Employees:

6