Tupelo Data Room
Clothing & Accessory Stores
Active

First Time on the Market!

Ottawa County, Michigan, United States
listing image
Asking Price$320k
Revenue$513k
EBITDA-
Cash Flow$93k
Description
Business Description First time on the market, this thriving downtown shop is seeking to transition to new ownership. This destination boutique offers a curated selection of women's clothing, home decor, and furnishings. Nestled in the heart of the main shopping district, the business has built a loyal following among locals and visitors alike. The owner and staff provide personalized attention to their customers and many of the locals are greeted by name. The store is fully staffed. The owner works full time in the store. The store carries products that are chosen for quality and uniqueness. Product lines include clothing, accessories, candles, home decor, framed artwork, and other home furnishings. Clothing is also sold online. This charming town swells with seasonal visitors, many who live in second homes during the summer months. A week-long annual festival is a premier event that draws hundreds of thousands of people into the downtown for parades and special events. The downtown area is growing fast with several new nearby apartment structures adding hundreds of residents to the heart of downtown. A new hotel is slated to open in 2027 with +120 rooms that will bring even more business to downtown. Customers can easily park vehicles in front or behind the store for easy access and the store sees a lot of foot traffic. The downtown merchants work together on promotions and special events to stay top of mind with customers. This store would be a good fit for a full time owner-operator who understands or can learn back-of-house management, keep up with emerging trends, and leverage customer preferences. Interested parties will be asked to submit a signed NDA before receiving additional information about the store. Furniture, fixtures, and equipment are included in the asking price, estimated to be around $50,000. Inventory is additional - the value fluctuates daily and seasonally- estimated to be around $50,000 - $60,000. For more information, contact the listing broker for details. The buyer of the store will negotiate a lease with the seller who also owns the building. Real estate is not for sale. Buyer to verify all information.
Real Estate
Rent is $50,000 per month
Building Size: 1800 sq. ft.
Furniture Fixtures & Equipment
$50k
Inventory
$60k
Number of EmployeesFull-Time: 1Part-Time: 4
Year Established
1992
Reason Selling
Seller is pursuing other interests
Facilities & Assets
The store occupies 1800 sf of the main floor of a two-story buiding owned by the seller. The seller will negotiate a lease with the buyer of the store - $50k is for a gross lease. Additional storage space is available in the basement of the building. The space includes dedicated on-site parking, front and rear entry, a small office area, and dressing rooms in addition to the sales floor. The front of the store features three storefront windows facing the main street. Furniture, fixtures, and equipment can remain in place for a turnkey sale.
Support & Training
Seller is willing to train
Market & Competition
The local economy is stable with signs of growth. Competition includes other merchants as well as online retailers.
Growth Opportunities
The local population is expanding with new apartment complexes opening in the downtown area. The area will also see more downtown activity with the addition of a new hotel anticipating completion in 2027.
Financing Options
Seller financing is available.Negotiable - offered to qualified buyers only.
Asking Price$320k