TYPE OF BUSINESS: Beautiful Clothing / Jewelry Boutique; Prime location on Main Street in historical Stillwater that is surrounded by popular restaurants and retail businesses. The business was established in 2010 and offers a unique shopping experience. This beautiful store specializes in the sale of wide range of women’s apparel, jewelry, shoes, hats, accessories and more. This is a very easy business to operate and would be perfect for the first time buyer. Hours of operation are; Monday – Sunday 9:00 to 10:00 in summer and 10:00 to 5:00 in winter. The owner does not work the business – however, his responsibilities include: Bookkeeping and Staffing.
FACILITY: This business is located in a prime location on Main Street. The business operates in about 1,800 square feet. Monthly rent is $3,300. The lease expires in 2014, and there is an option.
EMPLOYEES: Again, the owner doesn’t work the store. Business operates with 2 full-time and 8 part-time employees. Their hourly wages are between $8.00 and $10.00 per hour.
GROSS SALES/CASH FLOW: The gross sales for 2012 were approximately $263,000; cash flow was approximately $70,000 for an owner operator based on 2012 sales.
ASKING PRICE: The asking price for the business is $70,000 plus inventory. This includes the furniture, fixtures, equipment, website, phone number, client and vendor list. The value of these assets is approximately $30,000. Inventory is approximately $50,000 at cost.
REASON FOR SALE: Owner is re-locating.
Important Notice: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness. 7750 b.k.