Popular Vintage Clothing Boutique Listing ID: 9444 Location: Venice, California
Brief: Great opportunity for someone in the fashion industry possibly seeking a lifestyle change.
Listed Price: $169,000
Total Revenue: $199,733
Seller's Discretionary Earnings: $85,911
Fixtures Furniture, & Equipment: $16,500
Real Estate: N/A
Inventory: 21,000 (Included in Asking Price)
Financing / Terms: Negotiable
Business Information
Year Established: 1991
Number of Employees: 1
Days and Hours of Operation: 11:00am - 6:30pm
Relocatable: No
Franchise Information: N/A
Facilities / Location: The business is located in a highly desirable Venice Beach location approximately 1 block from the beach with substantial foot traffic which is ideal for this type of business.
Lease Information
Lease Expiration Date: New Lease Available From Landlord
Option: New Lease Available From Landlord
Monthly Rent: $4,500
Additional Information
Reason for Selling: Seller relocating out of country.
Business Description: Established over 15 years ago, this business is one of the leading retailers of vintage, military, recycled and designer clothing and accessories in Southern California, often frequented by top fashion designers. In addition, its loyal customers include many celebrities and actors.
Because of the owner’s vast network of dealers, she is exposed to a constant flow of vintage apparel and accessories in huge quantities at unbeatable
prices which are delivered to her retail location each week (thus, a new owner would never have to leave the business location to obtain product).
With access to an abundance of inventory, the owner is able to hand pick some of the most classic and collectible vintage and retro fashion items thus
enabling the business to showcase only the highest-quality apparel sourced from around the world. This business is fully committed to providing superior merchandise to ensure 100% authenticity and excellent customer service.
The business derives a substantial portion of its revenue from the consignment of vintage clothes thereby reducing its inventory carrying cost (only
about 50 percent of the inventory on hand is owned and is included in the purchase price).
Potential for Growth: The seller does no advertising. A new owner could dramatically increase revenues by engaging in some targeted advertising and by creating a web site to “feature” the vintage apparel and accessories to its loyal and substantial customer base. Each item of inventory is
currently recorded and “tagged” so by creating a digital photo at the same time, it could easily be added to a web site in a format similar to www.rustyzipper.com in order to generate additional revenue online.
