9 High-End Boutique Stores all in Very Desirable Locations
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. 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) with a total adjusted net income over $550K. The asking price for the business is $1,975,000 which includes over $1MM in inventory. The RE 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.
About the Business
- Years in Operation
- 7
- Number of Employees
- 40
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retirement of Owner
- Transition Support
- Negotiable
Listing Info
- ID
- 2300786
- Listing Views
- 845
Listing ID: 2300786 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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