TYPE OF BUSINESS: Clothing Boutique; Main Street Stillwater. Located in historical Stillwater that is surrounded by popular restaurants and retail businesses. The business was established 3 years ago. This business offers a unique shopping experience and is often praised for the array of merchandise offered to its customers. This highly profitable store specializes in the sale of men’s and women’s apparel, jewelry, shoes, 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 on the main street in an ideal location. The business operates in about 2,000 square feet. Monthly rent is $3,750. The lease expires in 2016, and there is an option.
EMPLOYEES: Semi-Absent owner. Business operates with 2 full-time and 10 part-time employees. Their hourly wages are between $8.00 and $10.00 per hour.
GROSS SALES/CASH FLOW: The gross sales for 2013 were approximately $318,000, cash flow was approximately $81,600 for a semi-absent owner based on 2013 sales.
ASKING PRICE: The asking price for the business is $225,000 plus inventory. This includes the furniture, fixtures, equipment, website, phone number, client and vendor list and brand names. The value of these assets is approximately $25,000. Inventory is approximately $50,000 at cost.
REASON FOR SALE: Owner is re-locating.