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Boutique Shop With Real Estate On Resort Community
Location: United States -> Tennessee
Industry: Retail > Clothing and Footwear Retail

Business Summary

This one of a kind boutique shop is located in the heart of the Wyndham Resort community, providing a built-in loyal customer base proven by its consistent profitability with SDE totaling over $75,000 in 2018 and 2019. The boutique shop is the only one of its kind located in the Fairfield Glade mall on the Resort, offering several zip code protected clothing and accessories among numerous product lines from handbags and travel items to gourmet food items.

The boutique is laid out across two adjacent interior units, the real estate of which is included in the purchase of the business! Keep the same layout to maximize the sale of product, or lease one unit to another tenant for supplemental income. The choice is yours! Enjoy the benefit of additional car counts as the adjacent road that delivers traffic from I-40 to downtown Crossville was recently expanded to four lanes.

The new owner will have the support of loyal employees, the majority of whom have worked at the shop for close to four years and have experience in inventory management, employee management and administrative work. Retirees living on the resort are always ready, willing and able to join the team when a position becomes available, minimizing staffing issues!

The owner purchased this existing business in 2015 located in suite 100, and completely took it over in Jan. 2016. She then purchased the adjoining suite #105 to better layout and merchandise gifts and home decor items away from the woman's clothing and accessories.
In downtown Crossville approximately 30 minutes away, there are a couple of gift store there including a Hallmark store and a store owned by my friend, 5th Street Marketplace. There are no longer any stand alone women's clothing boutiques in Crossville. No retail chains that handle better quality clothing...only a store like Walmart in town. Cumberland County and Crossville proper is a small community.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $365,674
Cash Flow:   $79,902
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  retirement


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Boutique Shop With Real Estate On Resort Community Photo 1

Print Listing Id: 700356681
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