OFF-MARKET-Popular and Growing Retail and Online Vintage Clothing Store – Motivated Seller!

$99,000$102,852

Description

OFF MARKET!!

Popular and Growing Retail and Online Vintage Clothing Store – Motivated Seller!
Tustin, CA – (Orange County)
Seller Financing Available!
Zip Code: 92780

Asking Price: $99,000
Gross Income: $102,852
Cash Flow: $23,000
EBITDA: N/A
FF&E: $10,000
Inventory: $30,000
Real Estate: N/A
Established: 2017
Employees: N/A

Business Description

Seller runs a boutique physical retail store in Tustin, CA as well as an online storefront at www.kollekcio.com. Both channels focus on women’s vintage and bohemian clothing and accessories including dresses, pants, shirts, blouses, scarves, robes, jackets, and blouses. Seller opened the business a year and a half ago and has been honing in on what works and doesn’t work – which is why she is on pace to grow revenue past $100K this year.

Only open from 12:00-5:30 Tues-Sat, so additional hours will greatly benefit the business. There is currently only one employee who runs the operation on her own as the seller is too busy with her other business to focus on this. Seller is absentee but started this store because of her passion for clothing and style and wants to see it succeed. She is happy to train and advise on future strategy as needed after closing.

NDA is required for further details from ProNova Partners.

Detailed Information

Inventory: Included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: In a 1,300 + 1,100 square foot spaces in a heavily trafficked street retail location. New owner can choose to only use the larger address and save half the lease payment. Physical store hours are Tues-Sat 12-5:30pm and Sunday/Monday they are closed. Huge foot traffic counts that start around 11am and lasts fairly steadily until closing. Lease is on a 3 year initial term and can be renegotiated at a similar rate after the term ends.
Competition: Not very strong actually, sitting pretty.
Growth & Expansion: Buyer can add additional product lines or focus the business elsewhere as they see fit.
Financing: $30k Cash Down, $70k Financed Over 36 Months!
Support & Training: Seller will provide training as needed for up to 6 weeks at 20 hours per week.
Reason for Selling: Relocation out of state.