Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price	$205,000	Inventory	$79,100*
Gross Income	$405,000	Real Estate
Cash Flow	$42,500	Year Established	1907
FF&E	$35,000*	Employees	5 FTE

* included in the asking price

** not included in the asking price

This venerable retail store has been in business for almost 100 years. It is located on the main drag of an upscale tourist town. A good size college is also located in the town. During the summer, tourists keep the store very busy, while students keep it busy during the fall and winter. The owner passed away in 2008, and since then the business has been in a bit of a holding pattern with no major marketing or sales effort and no growth plan. It is currently operated on an absentee basis and can continue on that basis. Or, it can be operated by its new owner. Impeccable financial statements are available.

Facilities: This is an attractive and well-appointed retail store primarily selling outerwear

Competition: There is one major competitor in town

Growth/Expansion: Business has not been aggressively managed for the past few years. Owner was keeping store open during irregular hours before his passing in 2008. Since then the store has been run entirely on absentee basis without major sales or growth effort.

Financing: some seller financing possible

Support/Training: As needed. Currently store is managed by full time manager. Owner is absentee.

Reason Selling: estate settlement