Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Baby and Children Boutique Store In Historic Downtown
(Retail)
Collin, Texas
Listed Price: $ 44,900
Listing ID: 000916

Listing DetailsDown Payment: $ 22,500
Gross Revenue: $ 115,000
Cash Flow: $ 22,500
FFE: $ 15,000 (Included in Price)
Inventory: $ 30,000
Reason for Sale:

Other opportunities


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Well-established baby and children's boutique located in the old town of the city is now available for acquisition. This business was established in 2003 by the current owner as an online baby store featuring mostly bedding, furniture, and painted custom gifts, and the brick and mortar store was opened in 2005. This unique boutique shop is located in a 1,310 SF space of a retail strip center in the center of the city's old downtown that is next to a heavy traffic intersection and numerous retailers that attract a large number of people to the area from all over the metroplex. This unique business offers high quality of unique gifts & toys, clothing & accessories, bedding, rugs, art and decor with several brands that are exclusively sold in this store for infants, toddlers, and children. The majority of the customers are high-income individuals from surrounding densely populated affluent neighborhoods as well as visitors to the old town especially when there are events going on and the business mainly targets grandmothers and first-time mothers. Competition can be expected for this industry, but this business has various exclusive contracts with several brand name vendors for high-quality products. While the owner was involved in the business, the average monthly sales were approximately $18,000-$19,000, but the sales have dropped due to the owner's absence in the operation and currently, average sales are between $9,500-$10,000/month without any proactive marketing in place. Although the business has its own website and some online marketing in place, more offline marketing methods such as direct mailing, flyers, specials, etc. need to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. By incorporating more reasonably priced items with current high-end products will grab wider demographics of potential customers in this area as well as online customers from many other states throughout the U.S. Since this business is operated as an owner absentee, a full-time owner-operator will enjoy additional profit by cutting down unnecessary payroll expenses, but having a manager in place will provide its own benefits such as giving additional time to the owner to proactively market and manage the back-office work of the business. This is a great opportunity to acquire a well-established baby and children's boutique for the potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.


Competition:

There are no competitors in the immediate market area that specialize in this type of business. This business has exclusivity with several brand name products that other competitors are not able to carry.


Potential Growth:

Online marketing is in place as well as its own website, but other direct and local marketing tactics need to be utilized to reach its full financial potential. Owner's full-time involvement is crucial to further grow the business, especially constantly updating the inventory on the website, in-store inventory management, and to reduce payroll expenses.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 1500
Facilities:

This business is located in 1,500 SF space of retail strip center in the heart of the city's old downtown that is next to a heavy traffic intersection and residential neighborhoods.


OperationYear Established: 2003
Employees: 3PT
Absentee Owner: Yes