Branded Retail Apparel and Accessory Stores
Business Description
Two retail apparel and accessory stores, one of which is a branded apparel store, located within 40 yards of each other in the top beach venue on Highway 30A, in one the most heavily visited tourist destinations in the United States, and the related online store(s). The branded apparel store was established in 2017, growing steadily since inception; the second store was opened in 2021. The branded apparel store is being offered with a royalty-free right to use the brand within a 20 mile radius of the current store location. The brand is held in a legal entity separate from the stores, controlled by the stores owner, and could be considered in a transaction, dependent upon buyer, in addition to the two physical stores and online stores.
About the Business
- Years in Operation
- 8
- Facilities & Assets
- Two separate store locations within the top beach venue on Highway 30A. The store leases, with extensions, run through December 31, 2032. Fixed Assets are minimal; combined inventory normally in the $200,000 range.
- Market Outlook / Competition
- Two retail apparel stores, one branded apparel, located within the most heavily trafficked beach venue on 30A, with exclusive retail apparel distribution rights in the main section of the venue, the section containing food and drink vendors, and the entertainment stage, boasting a captive audience of over 500,000 visitors annually. The primarily local competition for the branded apparel store is The Seaside Style and the 30A apparel brand. The brand is known throughout the Southeastern and Midwestern sections of the United States, and expanding.
- Opportunities for Growth
- Growth opportunities include product line expansion within the current stores, establishment of additional physical locations along 30A targeting an even larger audience, growth of online store/presence (online store officially relaunched in 2023 with a new focus, so online presence still in infancy stage) and expansion possibilities to other tourist destinations across the US, and internationally, capitalizing upon the strong brand identity and ease of brand transfer to new tourist locations.
About the Sale
- Seller Motivation
- Free up assets to pursue other opportunities.
- Transition Support
- Management team in place; owner not heavily involved in daily operations--financial oversight only. Currently there are 8 FT employees (including management team) and 6 PT employees.
- Financing Options
- Negotiable. Owner would consider seller financing less than 50% of the transaction.
Listing Info
- ID
- 2271507
- Listing Views
- 5917
Listing ID: 2271507 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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