Branded Retail Apparel and Accessory Stores

Watersound, FL

Seller Financing Available

Asking Price:	$5,000,000
Established Year:	2017

Inventory:	$500,000

Listing ID: 2271507Listing provided by BizBuySell

BUSINESS DESCRIPTION

Located within the Top Entertainment Venue on Highway 30A-Florida

Three retail apparel and accessory stores, one of which is a branded apparel store, located within 40 yards of each other in the top beach venue on Highway 30A, in one the most heavily visited tourist destinations in the United States, and the related online store(s). The branded apparel store was established in 2017, growing steadily since inception; the second and third stores were opened in 2021 and 2023, respectively. The branded apparel store is being offered with a royalty-free right to use the brand within a 20 mile radius of the current store location. The brand is held in a legal entity separate from the stores, controlled by the stores owner, and could be considered in a transaction, dependent upon buyer, in addition to the three physical stores and online stores.

DETAILED INFORMATION

Location

Watersound, FL

Inventory

Included in asking price

Facilities

Three separate store locations within the top beach venue on Highway 30A. The store leases, with extensions, run through December 31, 2032. Fixed Assets are minimal; combined inventory normally in the $500,000 range.

Competition

Three retail apparel stores, one branded apparel, located within the most heavily trafficked beach venue on 30A, with exclusive retail apparel distribution rights in the main section of the venue, the section containing food and drink vendors, and the entertainment stage, boasting a captive audience of over 500,000 visitors annually. The primarily local competition for the branded apparel store is The Seaside Style and the 30A apparel brand. The brand is known throughout the Southeastern and Midwestern sections of the United States, and expanding.

Growth & Expansion

Growth opportunities include product line expansion within the current stores, establishment of additional physical locations along 30A targeting an even larger audience, growth of online store/presence (online store officially relaunched in 2023 with a new focus, so online presence still in infancy stage) and expansion possibilities to other tourist destinations across the US, and internationally, capitalizing upon the strong brand identity and ease of brand transfer to new tourist locations.

Financing

Negotiable. Owner would consider seller financing less than 50% of the transaction.

Support & Training

Management team in place; owner not heavily involved in daily operations--financial oversight only. Currently there are 8 FT employees (including management team) and 6 PT employees.

Reason for Selling

Free up assets to pursue other opportunities.

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