Clothing Store at Busy Mall


Asking Price: $150,000

SOLD

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  Aaron Muller
Phone: 425.766.3940
Email: info@ACBrokersInc.com
 

Listing Information

Address: Undisclosed, King County, WA,
Gross Income (last 12 months):
$524,397.00
Value of Furniture, Fixtures, and Equipment:
$35,000.00
Cash Flow (last 12 months):
$119,886.00
Included in Asking Price?:
Yes
Year Established:
2013
Value of Inventory:
$75,000.00
Number of full-time employees:
2
Included in Asking Price?:
No
Number of part-time employees:
0
Value of Property (if for sale also):
--
   
Included in Asking Price?:
No

Description


This is a men's clothing and shoe store at a busy mall in King County, WA. The business carries fashion clothing from Europe that is hard to find in the Greater Seattle area. The target demographic is men between the ages of 18 and 45 who want clothing that is fashionable, sophisticated, and versatile that are suited for any occasion whether it's a night out at a nice restaurant or a trendy nightclub. Started in 2013, the owner has poured over $100,000 into the store. The business has two full-time sales associates. The owner works at the business approximately 40 hours a week, performing general management. Revenues and profits have been going up year after year, but the owner wants to move out of State for personal reasons. This is an excellent opportunity to take over a growing business and bring it to the next level.

Facilities / Location


Located inside a very busy mall, the business gets a lot of walk-in traffic. While approximately $35,000 of fixtures and equipment are included in the asking price, the inventory is in addition to the asking price. In display at the store is $35,000 to $40,000 worth of inventory. Due to importing clothes from Europe, the back storage room may have an additional $0 to $35,000 in inventory.

Competition / Market Pros & Cons


The location is excellent, and the store looks sophisticated and sharp. Since its establishment, the store has developed a following of men who come to the store regularly for fashionable, original clothing and footwear. By providing great service and unique clothing from Europe at good prices, this store has proven to be a favorite amongst its target demographic.

Growth and Expansion Pros & Cons


The business does not have a web site that offers any online catalog or online ordering. The owner has not put in much effort into social media. By focusing more on marketing and expanding the product selection, a new owner with fresh energy and good taste could grow the business to the next level.

Support / Training Available


The seller is willing to train. Details negotiable.

Reason for Selling


Relocating out of State.

Any Financing Seller Will Provide?


Broker can assist buyer in obtaining financing.

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