Niche Retail Fashion and Hardware Products (17736)
RetailFor Sale in AR
Financial & Assets Details
About the Business
This unique retail department store operates successfully from its highway front headquarters in Benton County, Arkansas. The profitable retailer and supplier of fine women’s clothing, fashion accessories, home décor products, tools and hardware supplies offers numerous major reputable brands. Not only was the company not negatively affected by Arkansas’s Covid-19 statewide retail restrictions but it also experienced robust retail sales growth over 2019. In 2020, the total revenue was $899,752, with Seller’s Discretionary Earnings of $104,656. The ownership believes that its quality reputation and marketplace diversity attributed to their continued success. There are many opportunities presented for new ownership to continue growth with minimal capital infusion including eCommerce starting with their loyal followers. The expansive well-located, retail based location, totals 19,000 square feet. Included in the space is 300 square feet of office space, 5,600 square feet of warehouse space, with the remaining square footage used for storefront and retail display space. This location provides plenty of nostalgia to tourists and residents seeking high quality products while staying ahead of market trends with new products such as trending apparel and brands gaining popularity. This facility is included in the listed price, valued around $650,000. The managers of the company currently provide sales support, inventory management, and general oversight. The customer base consists primarily of regional residents, and tourists, seeking fine women’s apparel, home décor goods, accessories and tools and there is very little inventory that doesn’t turn over each month! With its wide range of products, the marketing efforts focus on targeting repeating business utilizing direct sales, in person sales, and social media.
Negotiable up to 20% for the right buyer.
Property comes included witching the Asking Price!
Support & Training
Owner Transition period of 12 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.