Seasonal Eclectic Retailer in the Old Port

Portland, ME
Clothing
Asking Price:$325,000
Gross Revenue:$546,764
Rent:$5,400
Established Year:1989
Cash Flow:$123,819
Inventory:$248,036
FF&E:$15,000
BUSINESS DESCRIPTION

Located in the heart of Portland’s Old Port for 33 years Siempre Mas offers a unique blend of opportunities for any first time, or multiple locations store owners.
1) Upon buying the business it offers over a year’s worth of inventory, stored in an across the street warehouse, full of prime inventory folded and shelved, to create a profit on day one, though fill in orders would be necessary as the year goes on.
2) Supply chain of high profit unique clothing, jewelry and folk art in Thailand and Bali. You will meet the suppliers and understand their processes as you yourself create new fashions. This aspect is the most valuable asset offered; it will save years of trial and error.
3) Whether you have a successful internet site or start one up, the supply chain offered would fit right in and our first time and return customer base will avidly tune in and tell their friends.
3) The retail store is the test market for what the public wants, which Siempre Mas has catered to for 33 years, which is why they keep coming back.

This thriving goods and clothing retail store located in the heart of Old Port in Portland Maine. The store is family owned and operated and has been in business for over 33 years. It is known for its warm atmosphere and attentive staff, which is one of the many reasons for its repeat business and referrals. One of the many draws to this unique store is the Thai clothing line that the owners hand-select during their overseas trips at the beginning of each year. This retailer also supports local vendors and carries Maine-inspired clothing as well as jewelry and unique souvenirs.

Although Siempre Mas does not currently have a website presence or a way to order on line, both local and overseas customers have often requested their products on the off season.

Store hours vary based on season and local events. This retail store is centrally located for the cruise ship tourists who visit Portland during the months of August through October.


DETAILED INFORMATION
Location
Portland, ME
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,322
Lease Expiration
01/11/2027
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This leased store front totals 964 square feet with a warehouse of 2358 square feet. Due to its prime location, this business competes with dozens of other retailers, including several other importers and souvenir stores. The retailer’s unique designs, supplier relationships, competitive pricing, and long history in the area make it a favorite among shoppers and a leader in the marketplace.
Competition
Unlike its top competitors in the area, this business is locally owned and operated. The current owners are a husband-and-wife team who are very active in buying, stocking, and retail operations. Their hands-on approach is one of the things that differentiates them from other importers and retailers.
Growth & Expansion
The retail store is excellent for product development and testing. Shopper behavior makes it easy to see what products are popular and sell well. This could be an advantage to future owners who want to expand an online presence.
Financing
This opportunity available for traditional financing, SBA and FAME guarantees.
Support & Training
The items in this store are designed or hand-picked by its current owners. Most of the store’s stock can’t be found at any other retailer. After 33 years in business, they have developed strong relationships overseas with individuals and neighborhood cooperatives. The current owners are happy to introduce the new owners to these trusted professionals.
Reason for Selling
Sellers are entering retirement.

BUSINESS LOCATION
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Jenn
Morin
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Jenn Morin