Established Specialty Apparel Retailer, 2 Stores

Description

Two established specialty apparel stores in Davis County and Salt Lake County, Utah, trading under one name since 1997.The business sells intimate apparel with a concentration in extended sizes and in professional bra fitting, a segment that department stores and online retail serve poorly. Customers travel for the fitting service and return on a replacement cycle.CY2025 sales for these two locations were $1,104,210 with estimated discretionary earnings of about $192,800. Rent runs at 6.1 percent of sales. There is no long-term debt, and no customer accounts for more than one percent of revenue.Thirteen people work in the business: a manager at each store, an assistant manager and ten part-time associates. Both leases were renewed recently and run to 2030. The owner is retiring after 29 years and will train a buyer through a negotiated transition covering buying, vendor relationships and the financial role.ASKING $1,019,000 FOR THE OPERATING BUSINESS. INVENTORY OF $346,000 IS PRICED SE