The Biz Blog
February 03, 2012 by Shelli Margolin
New BizEx Business For Sale: Famous Clothing Store in Santa Monica
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/458
Famous Clothing Store in Santa Monica Asking: $295,950 * Gross: $292,327 * Net: $91,950
Well known and successful trendy clothing store on Main St. in Santa Monica. Excellent location with a solid customer base and an industry expert willing to train the right buyer.
Characteristics: - High foot traffic in hip tourist zone - Well known for trendy fashions at reasonable prices - Almost 25 years in business - Still profitable in bad economy - 35% COGS - Base inventory turns over 3x/yr - Low labor costs - Reasonable lease rate - Lovely interiors/build-out - $50,000 in inventory - Takeover fashion-insider supply chain
Opportunity: - Marketing! - seller does very-very little marketing - Internet sales - seller doesn't do any on-line sales - Seller has a multimillion dollar clothing manufacturing and merchandising background. Seller is willing to give extensive training to assure the success and reputation of the store.
Interested parties please register at www.bizex.net or contact Shelli Margolin at 310 882-2200 ext 128.
Shelli Margolin Email: smargolin@bizex.net Office: (310) 882-2200 ext 128 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/shelli-margolin
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