Profitable and award winning fashion outlet for sale.
Established 8 years ago, the outlet has a good following and won awards.
Owner is selling as he wants a change in challenge after running the business for 8 years.
Revenue is about $130K to $150K with Nett Profit between $50K to $70K.
Outlet is a 265 sq. ft. retail space in a major mall in city centre. Rent is about $3200 per month. Outlet employs 1 permanent staff who works from 12pm to 10 pm with a salary of $1,500. Transactions are in cash and payment via Visa and Nets. Inventory at any one time is about $8K - $10K. Products sold are T-shirts, accessories etc sourced from the US, Japan and Korea.
Seller will train the buyer for a month and thereafter the Seller can be a consultant to the buyer for another 3 months. All databases of customers and suppliers will be given to the Buyer.
The Seller is asking for $100K negotiable for the sale of this Fashion Outlet.