Iconic and electric retail home decor and casual clothing store located in a quaint resort style downtown waterfront shopping district. Legacy business established 26 years with absentee Owner calling it a day and looking for a worthy successor to carry on the tradition, E-commerce website with shopping cart, Great downtown location in Florida's crown jewel, the Treasure Coast with an assignable 5 year lease and 3 year option. Neat inventory and super cool vibe in the store, fun place to work and nice clientele. SDE assumes Owner/Operator. Excellent opportunity for Owner/Operator, Partners or a Husband and Wife Team.
- Asking Price:
- $450,000 Furniture / Fixtures included
- Sales Revenue:
- $871,846
- Cash Flow:
- $160,835
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease Type: Inline retail
Current Expiration Date: August 31, 2030
Renewal Option: 1 additional 3-year option
- Leasehold Rent:
-
$154,297 per annum
- Lease Rent:
- $42 per sq ft per annum
- Location:
-
In-Line Retail in a quaint resort style downtown waterfront shopping district.
Business Operation
- Expansion Potential:
-
The business has opportunities for growth through expanding its online presence, increasing its selection of seasonal and coastal-themed merchandise, and adding complementary products such as gifts and accessories. Growth can also come from attracting more tourists and seasonal residents through local events, social media marketing, and partnerships with nearby hotels and businesses.
- Competition / Market:
-
The market is favorable, supported by local residents, seasonal visitors, and tourists drawn to the Treasure Coast’s waterfront shopping districts. Competition includes boutique clothing, home décor, gift, and lifestyle retailers, but the store can differentiate itself through its unique combination of casual apparel and coastal-inspired home décor, along with its quaint resort-style location and personalized shopping experience.
- Reasons for selling:
-
Pursuing Other Interests.
- Trading hours:
-
10-10 Monday Thru Saturday 10-6 Sunday
- Employees:
- 6
- Years established:
- 26
Other Information
- Support & training:
-
2 weeks of training at no cost.
- Furniture / Fixtures value:
- $25,000 - included in the asking price
- Inventory / Stock value:
- $100,000
