High-End Boutique with Nine (9) Storefronts in Very Desirable Locations For Sale - 11742

Location
Industry
Category
Apparel, Accessories, HomeGoods, Gifts
Price
$3,925,000 (Business & Real Estate)
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. Very loyal customer base with strong brand recognition has supported their growth. Management team 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 owner retirement. 2024 revenues were$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. Store managers in place at all locations and will stay on after the sale. For more information, please contact Chris Lappen or Duane Johnson at 952-831-3300 or email Clappen@calhouncompanies.com or Duane@calhouncompanies.com.

Listing ID
11742
Value From Year
2024
Cash Flow
$550,000
Value of Real Estate
$1,950,000
Gross Sales
$3,000,000
Reason for Selling
Retirement
Value Of Real Estate Included
Yes
Value Of Equipment Included
No
Years Established
6
Full Time Employees
8
Part Time Employees
32

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