November 21, 2009
 
 
Clothing Boutique  •  $1,100,000

Location: San Diego
Seller: Robert Rodriguez
Phone: 310-652-8353
 
 
About This Business
BizBen Ad #: 145166
Status: Available
Start Date: 11/16/09
Last Revised: 12/31/69
Location: San Diego
County: San Diego
City: San Diego
Contact Information
Seller or Contact: Robert Rodriguez
Primary Phone: 310-652-8353
Alternate Phone: Not Provided
Email: contact@theveldgroup.com
 
 
Financial Information
Asking Price: $1,100,000
Down Payment: $1,100,000
Annual Cash Flow: $380,735
Annual Revenue: $1,819,761
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: Call
 
 
Business Summary
This One Of A Kind, High-End Clothing Boutique Has Been Serving San Diego’s (Among Many Other Cities’) Rich And Famous For Over 10 Years. Known For Its Cutting Edge Selection Of High-End Fashion And Rare Clothing Collections, This Boutique Keeps Its Customers (Primarily Women, But Some Men) Up To Date On The Latest And Greatest Styles Emerging From The Los Angeles, New York And European Markets. This Business Has Impressively Maintained Consistent Sales, As 2008 Revenues Were Within 10% Of Revenues In 2005. Numerous Awards And Press Releases, A Long List Of Repeat Loyal Customers, And Unique Selection Of High End Fashion Set This Business Apart From The Rest.

The Business Is Located In A 2,250 Square Foot Facility That Leases For 10,500 Per Month (Including Cam). The Lease Is Valid Until 2014 With A Five Year Option. The Sale Includes All The Assets Of The Business Including The Name, Website, Equipment, Furniture, Fixtures, Computer Equipment, Customer Base And Goodwill. At Least 500,000 In Inventory Will Be Sold In Addition To The Asking Price. Inventory Will Be At Cost At Close.

Competition Is Considered Medium As Other High-End Boutiques Exist In The Area, However This Store Has Continued To Surpass Its Competition In Terms Of Selection And Customer Service, Both Of Which Remain Unmatched By Other Boutiques.

This Business Still Has Room To Grow. The Owner Has Yet To Develop An Online Presence Or Internet Distribution Channel. A New Or Updated Website Could Allow Customers To View The Seasons’ Styles And Brands, Order Merchandise, Join Mailing Lists, Post Blogs Or Comments, Or “Tweet” Styles Not Provided By The Boutique. Similarly, A Better Web Presence Will Allow A New Owner To Capitalize On The Formidable Customer Database By Emailing Customers The Latest Additions, Coupons, Etc.