Designer Womens Boutique

Prestigious shopping center in Newport Beach.This is a unique opportunity to take over a successful Women’s Boutique in the iconic city of Newport Beach, California. It has been in business for over 20+ years. The owner has truly created an upscale, elegant business & will help ensure a smooth transition to a new owner. Owner is ready to retire. Asking price includes inventory. This boutique has exclusivity with the some of the best designers and distributors from overseas, who offer a unique & limited selection of Women’s evening gowns, casual wear, shoes, accessories, jewelry, & handbags. Longtime/repeat customers include high-income locals & occasionally, celebrities. Clients shop in store or often will request personal delivery to their homes for their custom altered gowns and other expensive items. Other frequent clientele includes out-of-state & international residents who will request items shipped or will fly into town. It is not un-common for a client to make a purchase in the $10,000 to $20,000 range at once. The business utilizes social media & other marketing platforms to stay connected with clients and showcase new inventory. The 1,900+ square foot storefront is in the most upscale & expensive shopping center in all of Southern California. The storefront has been in the same location for 20+ years. Within 1+ mile of the center, the average household income is $250k+ & the average home value exceeds $3MM. It is a business owners dream to operate in this coastal center. There is a beautiful, synergistic mix of restaurants, shops, & grocery store, drawing copious amounts of traffic. The lease ends in 2030, and additional lease extensions can be requested from the landlord. The employed stylists are long withstanding, knowledgeable, & loyal. They ensure the atmosphere welcoming & inviting for everyone. They are committed to their clients & to providing the white glove luxury women’s shopping experience. Every client or potential client is treated with care, respect, & class. Priced at $2,300,000 including inventory. This business has no debt on the balance sheet & the past three years sales and profit are as follows: Sales 2023: $4,283,418.68 profit 2023: $2,475,840.86 ~ Sales 2022: $ 4,811,678.90 Profit 2022: $ 2,804,572.86 ~ Sales 2021: $4,003,520.00 Profit 2021: $2,568,161.00