Location: Palm Beach County, FL
Industry: Clothing and Accessory Stores
Listing ID: 52181
Listing Status: Sold
Unique opportunity in beautiful beach town
DESIGNER HANDBAG & ACCESSORIES RETAILER EXCELLENT STOREFRONT LOCATION WITH STRONG ONLINE SALES
OVERVIEW: Unique luxury trading company that allows local customers to recycle designer handbags and accessories for something new. The company is a well-known resale hub located in the heart of South Florida’s most exclusive fashion center. The business buys, sells, and trades designer handbags and accessories through its custom-designed, brick-and-mortar showroom and through multiple established nationwide online portals. The company has been in business for over ten years and is considered a landmark in the community. Their website, social media, and email marketing have very healthy followings, both locally and throughout the US. The retail storefront is attached to a very large office space that acts as an all-in-one location set up for buying, website operations, photography, storage, and shipping stations. Thanks to a sophisticated authentication process and product appraisal system, they can buy products directly from customers on the spot.
PERSONNEL: The new owner will step into a business that outperforms industry standards and has everything to transition smoothly into a well-oiled machine with a complete team to run the day-to-day operations. The owner currently works only 10 hours a week and has systems and processes in place to ensure complete oversight of the company's performance. FINANCIALS: 2022 SDE of $677,887 and continues to grow year over year.
INVENTORY INCLUDED: $150,000
LOCATION: The well-established retail storefront is in a prime, high-traffic location, supporting a passionate and loyal local customer base. In addition to the retail location, the company has a rapidly growing e-commerce site that sells a diverse line of merchandise throughout the US.
TRAINING: The seller is willing to stay on for an extended training & onboarding period to support the new owner.
*Only serious inquiries. All interested buyers must submit a Buyer Profile & Proof of Funds.
This Florida based business for sale is presented by Sunbelt Business Brokers of South Florida, a division of SUNBELT, the largest organization of business brokers and M&A professionals in the world. With a local presence and global marketing reach, Sunbelt Business Brokers of South Florida has provided main-street and lower middle market business owners and buyers with unsurpassed deal expertise for nearly 20 years. For more information on this business for sale contact David Carson at firstname.lastname@example.org or (949) 339-1500.
Total Sales: $2,928,158
Cash Flow: $677,887