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Asking Price$275,000
Revenue$656,565 Established2012
Cash Flow$120,647 Employees2 full, 1 part
FF&E$25,000* FranchiseNo
Inventory$250,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great opportunity to take over a well-known, profitable Retail Clothing and Accessories Store. The store, which is family owned and operated is big, bright and beautiful offering bargain clothing and fashion accessories. A wide variety of the latest women’s and men’s clothing are sold at deeply discounted prices which keeps the loyal customer base coming back again and again as it is very popular with local value shoppers that are not willing to pay high end retail prices. The store is located in the heart of a regional shopping center and transportation hub, center point to the residential suburb for workforce commuters for Washington DC’s Government, Military and Private Industry employers. This is a perfect business for a first time buyer or someone with years of retail experience, the operation would be the most successful with a hands on owner but with the margins and cash flow it can certainly be run on an absentee to semi absentee business basis. The store is fully stocked with inventory and only requires a new owner to take over and immediately start making money. Don’t let this opportunity pass you by with the holidays right around the corner, it’s the perfect time to buy!
Facilities:The clothing store is operated out of a 4,892 sq ft leased space located in an established well maintained 117,379 sq ft retail shopping center with major local and national anchors. The business has great surrounding demographics within a 5-mile radius with approx. 100,000 households, a total population of over 275,000 and an average household income of over $115,000. There are approx. 25,000 cars that pass daily.
Competition:There is standard clothing retail competition in the area. Big Box retailers like Walmart would be considered competition, the closest is more than 5 miles and 13 minutes away. The shopping center the business is located in is bordered by a regional high end indoor shopping mall and traditional retail strip centers with similar businesses, but this business has a loyal customer base that likes the styles, prices and customer service making it a go to shopping destination!
Growth Potential:According to a fairly recent (2014) U.S. Census Bureau population estimates, the City of Gaithersburg was ranked among the top 15 fastest growing cities in the United States with populations in excess of 50,000. It was one of only two cities east of the Mississippi to make the list. Gaithersburg’s population estimate stands at 65,690, up 4.4% since 2012, putting it at #8 on the Top 15 list. Aside from the growth in the area the business can easily grow by expanding their product lines and offer additional retail items to capture a broader customer base.
Training/Support:Owner will provide necessary training and support.
Seller Financing:Yes, depends on the final purchase price, terms and qualifications of the buyer.
Sale Reason:Family and moving.
Ad #87870
Seller Reference #HZ263AH
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Contact This Seller
Alan Horn
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