Stylish & Fashionable Magazine Street Boutique
Location: Louisiana > Orleans Parish County > New Orleans
Industry: Clothing and Fashion > Clothing Designer
Financials
Asking Price: $59,000
Gross Revenue: $65,000
Inventory: $10,000 (Included in Asking Price)
FF&E: $10,000 (Included in Asking Price)
Business Summary
The Company was the dream of the current owner s mother. The owner opened the store to fulfill her mother s vision. The Company offers stylish clothing for women and features unique handbags and accessories. In addition to the purses, clothing, and jewelry, the Company also sells a full line of women s dressy and casual footwear by some of today s top designers. The Company caters to both the residents as well as the tourists in the area at its location on world renowned Magazine Street. Additional sales are generated through online orders from the Company s website. The Company has amazing designs, low prices, great service, and a loyal client following.
About the Business
Year Established: 2007
Employees: 1 full time -
Facilities: The building is in good condition and consists of one level totaling approximately 625 square feet. The storefront features a large glass window and the handicap accessible bathroom within the store has been decorated with many unique accent pieces. The building has parking available on the street and in the surrounding neighborhood.
Market Outlook and Competition: THE COMPANY S STRENGTHS 1. Great clothing/distinctive footwear and accessories 2. Great location and relaxed atmosphere 3. Return clients THE COMPANY S AREAS FOR IMPROVEMENT 1. An increase in advertising/marketing efforts for the business may generate an increase in sales. 2. The opinion of the owner is that this business has not established a market niche. A focus on either accessories or footwear, in addition to the clothes may help to create an additional customer base. 3. The current operating hours could be expanded to increase sales. The Company has two competitors in its immediate area. The clothing stores Frock Candy and Red Carpet are located within 2 miles of the Company. They offer many of the same types of products and have been in business for a longer period of time than the Company. The Company offers slightly lower prices than these two establishments.
About the Sale
Management Training and Support: The owner is willing to train for 1 week after the business is sold.
Reason For Selling: The owner would like to focus on a separate business that she owns.

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Listing Tools
BizQuest ID:876999
Seller ID:Magazine Street Boutique
Business Listed By
Name:Michelle Seiler
Company:Capital Business Solutions
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