Popular Women and Children’s Clothing and Gift Shop

Price: $330,000

Location: Pitkin County, CO

Industry: Retail

Listing ID: Gifts1

Description

This well established women's clothing and gift store has a history of family ownership that goes back to 1977. The store features a unique selection of contemporary women's clothing, from cashmere to designer jeans and shoes, as well as locally designed jewelry and home decor. The store also features young children's clothes, games and stuffed animals.

The store is located in a major ski area with excellent pedestrian traffic, and enjoys minimal competition from neighboring retailers because of its uniqueness. The store is beautifully furnished with Americana antiques, conservatively valued at $80,000. Most FF&E is included in a sale.

The store carries inventory of approximately $100,000, at cost, and would be included in a sale.

The store is managed by the owner, who does all purchasing and who travels to several shows throughout the year. The store is seasonal and is closed from mid-April through May, and from mid-October to Thanksgiving. The owner would be willing to train a new owner of the business as well as accompany the new owner to several shows where much of the purchasing is done. The owner currently works two six-hour shifts per week.

The store employs three main employees who typically work four six-hour shifts per week, plus three past employees who fill in as needed. All employees enjoy working at the store and would probably stay on under new ownership.

The staffing hours are 9:00AM - 2:30PM and 2:00PM - 6:30PM, plus additional shifts as needed. The half hour overlap from 2:00-2:30 facilitates a smooth transition and helps accommodate the after-ski rush.

The growth opportunities for this business are first to develop an online presence and online sales. The store currently has a Facebook page but has no official website. The second opportunity for would be to carry higher end merchandise such as designer lines and fine jewelry. The third opportunity for growth would be to open other locations. At one time the owner had five locations. She has narrowed her focus to one store since she became an active grandmother. The fourth opportunity for growth would be to develop a marketing campaign with the ski area's tourism marketing department in order to drive more traffic to the store.

LISTING DETAILS

Down Payment: N/A

Total Sales: N/A

Cash Flow: $70,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: N/A

FFE Included: Yes

Inventory: N/A

Operation

Year Established: 1977

Year of last Acquisition: 1977

Days & Hours of Operation: 9:00AM - 6:30PM

Owner Hours Per Week: 12

Non-Owner Payroll: N/A

Absentee Owner: No

Lease Option: negotiable

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Type of Location: Ski area

Square Footage: 960sf

Franchise: No

Relocatable: Yes

Summary

Facilities Information:

The store is located in a major ski area with excellent pedestrian traffic, and enjoys minimal competition from neighboring retailers because of its uniqueness. The store is beautifully furnished with Americana antiques, conservatively valued at $80,000. Most FF&E is included in a sale.

Terms and Conditions?:

Cash sale.

Reason For Sale:

Retiring

Training & Support:

2-4 months

Competition:

The store enjoys a strong tourist and local market with ski shops and some high-end retail. Because of the uniqueness of the store, there is no direct competition.

Potential Growth:

The growth opportunities for this business are first to develop an online presence and online sales. The store currently has a Facebook page but has no official website. The second opportunity for would be to carry higher end merchandise such as designer lines and fine jewelry. The third opportunity for growth would be to open other locations. The fourth opportunity for growth would be to work more closely with the ski area's tourism marketing department to increase traffic to the store.

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LISTING OWNER
There is no associated broker for this Listing.