Retail Clothing and Footwear Store with Three Locations
Off-MarketMultiple, AL
Retail Clothing And Footwear Store With 3 Locations
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$4,500,000
$900,000
20.0%
1964
30+ Days
Customers
Local residents in the area looking to buy boots, clothing and footwear. The stores have a western theme.
Customer Acquisition
The business has a strong web presence, with some online sales complementing the retail operations. Marketing spend is approximately $25,000–$40,000 annually on digital advertising, radio, and billboards (especially during Q4).
Team
The business currently employs approximately 18 staff members, ranging from a low of 15 to a high of 20 to 22 employees during the busy fourth quarter. A general manager for eight years was in place but has since departed the company. A new general manager is currently being trained and brought up to speed.
Owner's Role
The owner was mostly passive while his former GM was in place. He stepped back to serve as GM of the stores but is winding down his involvement as the new GM is being trained.
Reason for Selling
The owner is looking to retire.
Contracts
No
Real Estate
The flagship store is on the busiest intersection and consists of a main 17,000 square foot building (8,500 for the business and 8,500 leased out). The second location is in a 6,500 square foot standalone building. The third location is a 2,600 square foot rural clearance center approximately 25 miles from the flagship store, which has been in operation for three and a half years. The seller owns all three locations and prefers to keep them as part of his retirement plan and legacy for his children, but would be open to selling them as part of the business.
When Are You Looking to Sell
3-6 months
Licenses Required
No
Additional Notes
The owner purchased the business in 1999 and has grown it from a 1,000-square-foot operation to its current size.
Business ID: 1739
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