This exclusive fashion boutique in Toronto started operations 2011 and has since established a great reputation in the industry for providing quality merchandise, superb customer service and fashion consultation. It offers a range of unique products and brands which customers cannot purchase elsewhere. The business’s target customers are working women and stay-at-home mothers in their thirties and over with busy lifestyles. Revenues have been steadily growing over the past few years and are expected to continue for the foreseeable future.
The store is located in a highly trafficked area in Toronto, increasing its brand awareness and making it easily accessible for customers. It is open seven days a week and customers can schedule after-hours consultations by appointment. The store hosts numerous private shopping nights and trunk shows to promote sales. The boutique advertises in the local newspaper and its Facebook page is actively managed with regular posts about sales and new products. Additionally, the store has a large database of over 2,000 customer emails, which is used to keep the clientele updated on sales and promotions.
The business is staffed by two part-time employees and one owner. A manager can be hired if a new owner does not remain actively involved in everyday operations. This is an ideal venture for someone with excellent customer service skills who is passionate about women’s fashion and has a dream or desire to open his or her own retail store. The current owner is selling the business as she is planning on retiring. The asking price includes all equipment, inventory is additional.
Asking Price: $80,000 + inventory
Revenue (2014): $525,000
Seller’s Discretionary Earnings (2014): $75,000
Inventory (2014): $102,000
Furniture, Fixtures & Equipment (2014): 30,000
Year established: 2011
Employees: 1 Owner + 2 P/T
Size of Premises: 1,000 sq. ft.
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