List Price: $320,000 Seller Discretionary Earnings: $111,500
This successful, established retail store offers several lines of merchandise for customers who want to create a curated look to their home and wardrobe. For the home, this store carries select furniture and home accents featuring a neutral color scheme rich in textures and natural elements, beautifully accentuated with pops of seasonal color. The store also features personal lines such as women's clothing and accents, gift items, and private label soaps and lotions.
The data on customers in the store's loyalty program shows that they are repeat buyers who spend more per transaction. The customer base also shows steady growth with new unique visitors on an ongoing basis.
The store is located in a destination town along the beautiful Lake Michigan shoreline. The population expands in the summer with cottagers, visitors, and tourists, but the town has a steady year-round customer base from the local population.
The store is fully staffed. The store occupies approximately 2,500 sf of leased space - buyer to negotiate new lease with landlord.
The seller is active in the business and is willing to train the buyer. The seller is seeking retirement.
Interested parties will be asked to submit an NDA prior to receiving confidential information - contact us for details. Buyer to verify all information.
The data on customers in the store's loyalty program shows that they are repeat buyers who spend more per transaction. The customer base also shows steady growth with new unique visitors on an ongoing basis.
The store is located in a destination town along the beautiful Lake Michigan shoreline. The population expands in the summer with cottagers, visitors, and tourists, but the town has a steady year-round customer base from the local population.
The store is fully staffed. The store occupies approximately 2,500 sf of leased space - buyer to negotiate new lease with landlord.
The seller is active in the business and is willing to train the buyer. The seller is seeking retirement.
Interested parties will be asked to submit an NDA prior to receiving confidential information - contact us for details. Buyer to verify all information.
- Location:
- Ottawa County, MI
- Inventory:
- Not included in asking price
- Employees:
- 4
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- The store occupies prime real estate on the main street of the downtown shopping district. The store uses the main floor for retail operations. The basement offers space for storage, restroom, break room, and office space. Approximate size is 2500 sf. The building offers both front and back access. Parking is offered at street and on nearby city lots.
- Competition:
- Demand shot up during and after COVID. This store offers unique styles and brands one would expect in a boutique retailer. The area has a booming economy and attracts visitors from outside the region.
- Growth & Expansion:
- The seller did quite well during COVID selling merchandise from the website and social media. The buyer could devote the time to continue selling through those channels. The buyer can also expand by adding more stores throughout the region, booking private parties and trunk shows for preferred shoppers, and adding products to the private label store brand.
- Financing:
- Negotiable
- Support & Training:
- Two weeks of buyer training is available.
- Reason for Selling:
- Pursuing Retirement
