Growing Retail Speciality Shop - Galleria Area
Location: Texas > Harris County > Houston
Industry: Retail Stores > Other Retail Stores
Financials
Asking Price: $77,227
Gross Revenue: $61,710
Cash Flow: $2,234
Inventory: $50,000 (Included in Asking Price)
FF&E: $25,000 (Included in Asking Price)
Real Estate: (Included in Asking Price)
Seller Financing: 20% for 2 years at 6%
Business Summary
This upscale Swimwear & Accessories is located in the heart of Houston, Texas. We carry ultra conservative and sexy swimwear for women. Whether you are petite, full figure or large busted, we can help you select swimwear to suit your figure perfectly. The retail store carries a variety styles & designers in pre-teen, separates and one-piece and two-piece swimwear, sizes 1-24. The owner has built this retail store around her other related business that she wants to devote more time to. The new owner will fully benefit by this as the owner is willing to work closely with the new owner to insure continued growth.
About the Business
Year Established: 1996
Employees: 1 full time -
Facilities: This retail shop is located in the heart of the Westheimer Area of Houston less than 5 minutes from the Galleria. Lease is good through 2010 and very reasonable for the high traffic area of town. It has 2 five year options that can be exercised. Facilities include 1650 sq. ft. of space for retail and offices. Store is outfitted with top of the line display merchandising racks, counters, etc.
Market Outlook and Competition: The products sold here are unique and hard to find. Margins are higher than usual as a result. The business is located in the prime area of Houston's retail district and easily accessible. The business has shown a steady increase in sales over the past 3 years with minimal participation of the owner. The secondary business the owner wants to devote more time to will have a direct and positive impact on the business being sold. i.e.; one business feeds the other without conflict.
About the Sale
Management Training and Support: Seller is willing and excited to stay on in the transition period as well as play an active role in providing new business development for the buyer.
Reason For Selling: Dedication to another business interest.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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