Off Market:Well-Known Boutique for sale NOLA: $215,000

Employees

5 (4 Full-time, 1 Part-time)

Inventory

$143,000 Included

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.

Listing Id

CGLA 001314

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.

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.

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.