Highly Profitable Women's Boutique in a Prime Location

Newport Beach, CA
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Asking Price:$2,300,000
Gross Revenue:$4,283,418
Established Year:2002
Cash Flow:$1,030,000
Inventory:$400,000
BUSINESS DESCRIPTION

20+ years in business. Exclusive brands and clients.

This is a unique opportunity to take over a very successful Women’s Boutique in the iconic city of Newport Beach, California. The business has no debt on its balance sheet and is consistently profitable. Inventory is always paid in full.

It has been in business for over 22 years. This boutique has exclusivity with designers and distributors who provide a unique & limited selection of high-end women’s evening gowns, casual wear, shoes, jewelry & handbags. Client's make purchases in the $10,000 to $20,000 range at once and very often. Longtime & repeat customers include high-income locals and occasionally celebrities. Other frequent clientele includes tourists, and out-of-state or international residents.

The 1,900+ SF storefront has very high visibility and traffic. The shopping center has a synergistic mix of restaurants, shops & grocery store, drawing copious amounts of locals and tourists. It is a business owners dream to operate in this center. Less than 1-mile of the center, the average annual household income is over $250,000 & the average home value exceeds $3,000,000. For over 22 years the business has benefited and profited from the traffic and incomes of the local population. Owner is willing to transition to someone qualified. This is a great opportunity for an experienced operator to continue the success of this business as is or add value by implementing online e-commerce sales.

A signed NDA along with proof of funds is required by all interested parties. Discretion is of upmost importance. Please reach out for more information.


ATTACHED DOCUMENTS
Sale Flyer - Womens Designer Boutique - Newport Beach,CA.pdf.pdf Download

DETAILED INFORMATION
Location
Newport Beach, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,900
Lease Expiration
01/11/2029
Facilities
Fixtures, Signs, Furnitures, Supplies, Phone system, POS system, Stereo, Camera system, Inventory & Designers contacts.
Competition
Little to no competition. This boutique has exclusivity and sales unlike any other in the market.
Growth & Expansion
Introduce E-Commerce
Support & Training
Can be negotiated between both parties.
Reason for Selling
Retirement
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Alex andSteve
Alex and Steve