Well Known Boutique for sale NOLA: $215,000
Listing ID: CGLA 001314
This is one of the longest-standing, most well-known and well-loved reputable Shoe and Fashion Accessories Boutiques in New Orleans area. The revenue can be grown significantly with one single easy to implement strategy. Owners are selling to move out of state.
- Asking Price: $215,000
- Revenue: $466,874
- EBITDA: $46,099
- FFE: $21,000 Included
- Inventory:$143,000 Included
- Real Estate: Leased
Business Overview
This is a Fashion Shoes and Accessories store known for offering a highly personalized, expert-level shopping experience and selling high quality foot ware. The store has been around since 1977 surviving all the changes and shifts that the retail industry has been through and has built a strong brand and even stronger reputation.
The average spending per customer is $1,000, and the customer base is loyal. The store is currently not doing any online sales leaving on the table most of the revenue it could produce. Revenue can be easily grown over the 1 Million dollar mark by simply adding and E-commerce platform to the website, Instagram and Facebook accounts.
Detailed Information
- Location: Orleans County, LA
- Real Estate: Leased
- Furniture, Fixtures, & Equipment (FF&E): $21,000 Included in asking price
- Employees: 5 (4 Full-time, 1 Part-time)
- Facilities:
- The boutique operates out of a building that is over 100 years old, offering character and a spacious interior. The current rent is $5,100 per month, which includes electricity and water. All assets are in excellent condition.
- Competition:
- There is another shoe store one mile away, but the competitive overlap is limited, as the other store focuses on athletic footwear and shoe accessories, making it a distinctly different concept from this Boutique’s Fashion-Forward boutique model.
- Growth & Expansion:
- The store can be grown over the one million dollar level in a short period of time using one specific strategy that is relatively easy to implement. Details available per request.
- Support & Training:
- The sellers will be available for up to 30 days after the sale for transitional training for the new owners.
- Reason for Selling:
- Sellers need to move out of town closer to their aging parents.
