9 High-End Boutique Stores all in Very Desirable Locations

Minnesota
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Asking Price:$3,925,000
Gross Revenue:$3,100,000
Real Estate:$1,950,000
Cash Flow:$400,000
Inventory:$1,700,000
Established Year:2018
BUSINESS DESCRIPTION

Minnesota, locally owned women’s clothing, accessories, home goods and gift boutique with nine (9) storefronts in desirable, high-traffic shopping locations. The business offers a uniquely curated selection of high-end goods at affordable prices that reflect the latest trends. They have been in business for over 6 years and due to demand have expanded their footprint to strategic locations throughout the state. A very loyal customer base with strong brand recognition has supported their growth. Store managers in place with great staff at all locations. They own the real estate at five (5) of the locations and lease the other four (4). This opportunity is only available due to the owner’s retirement. 2024 revenues are expected to exceed $3MM (2023 - $2.8MM). The asking price for the business is $1,975,000 which includes over $1MM in inventory. Real Estate can also be purchased for an additional $1,950,000. The owner may consider selling individual locations. They would also assist a new buyer in the transition of the business. For more information, please contact Chris Lappen or Duane Johnson.


DETAILED INFORMATION
Location
Minnesota
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
40
Support & Training
Negotiable
Reason for Selling
Retirement of Owner
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