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Charlotte NC

  • Listing Number: 203-21795

    Category: Leisure/Entertainment, Retail, Service - Personal B2C

Asking Price $249,000
Gross Revenue $341,587
Total Adjusted Net Income $124,607
Equipment / Fixtures $19,000
Year Established 1985
General Location Charlotte NC
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A retail gift, fashion and home décor boutique that has become a getaway, a place of beauty and peace for the thousands of workers in uptown Charlotte for 37 years. Located in a highly accessible space convenient whether you are driving or walking. The “cuteness” factor of this boutique is priceless. Whether new to the area or a long-cherished customer, many enter the store for a respite from the daily grind and leave with just the right treasure or gift. The Covid shutdown was brutal to this and other businesses in this sector, but the creative savvy of the current owner for 37 years allowed it to survive and set it up to thrive under new ownership as the workers have returned to uptown - 2022 1st half financials show this reality.

Gross Revenue
$341,587
Listed Price
$249,000
Total Income
$124,607
Base Rent
$2,533
Square Feet
1316
Total Rent
$2,533
Lease Expiration
11/2024
Inventory
$95,000
Leasehold Improvements
20000
Equipment / Fixtures
$19,000
Other Assets
Outstanding location.
Full-Time Employees
1
Training Period
30 days
Part-Time Employees
3
Special License Required
None
Reason for Selling
Ready for retirement.

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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