Listing Number: 99543-523592
Description
Retail liquidator of name brand women, men, & children clothing, designer shoes & sneakers, handbags, home goods, (i.e. bedding, kitchenware, furniture), toys, baby products, and accessories for sale! Merchandise, sourced mainly from Macy's, Bloomingdale's, JC Penney, Kohls, and Target, are "creamed", sorted, and placed on hangers by the supplier to ensure high quality goods and labor efficiency.
Opened in February 2018, this unassuming family owned business has surpassed all expectations and is currently out-performing industry trends. The independent retailer is already highly profitable and on track to generate annualized net sales of $1.1MM - $1.4MM for FYE 12/31/18 based on actual year-to-date revenues.
The closeout store leases 6,525 sf of retail space in a newly constructed commercial complex that is easily accessible from major highways and thoroughfares. The warehouse setting is open and invites customers to browse through racks of merchandise.
There are no direct competitor in the immediate vicinity that sells comparable designer, black label apparel and luxury merchandise offered by the retailer. The store draws repeat customers from the local Metro Atlanta area, as well as out of state as far as N.C., Florida, and Alabama mainly via Facebook advertising and word-of-month!
This is an ideal opportunity for an experienced retail operator or an entrepreneur seeking to diversify one's investment portfolio. Opportunities to expand the business with additional retail locations and terriories exist. Owner training and vendor support will be provided. Act now to capitalize on the holiday selling season.
Listing Details
- Price: $ 600,000
- Down Payment: $600,000
- Sellers Discretionary Earnings: $ 508,750
- Total Sales: $ 1,131,666
- Location: Fayette County, Georgia
- Inventory: $ 150,000
- FF&E: $ 50,000
- Employees: 4
- Year Established: 2017
- Reason for Selling: Entrepreneur ready to pursue other business interest
- Category: Clothing