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RetailFor Sale

Established Detroit Urban Apparel & Streetwear Boutique - Prime Downtown Location

Detroit, Michigan

About This Business

This well-established retail boutique has been a cornerstone of Detroit's fashion scene since 1997, offering curated apparel, streetwear, and contemporary accessories to a loyal customer base. Located in a high-traffic downtown corridor, the business generates annual revenue of $1,117,447 with a healthy cash flow of $63,626. The store features a carefully designed retail space that showcases both emerging and established brands, creating a destination shopping experience that attracts fashion-conscious consumers throughout the Detroit metropolitan area. The business operates with a dedicated team of 11 experienced staff members who provide exceptional customer service and possess deep product knowledge. The loyal customer base includes both longtime patrons and new generations seeking quality fashion offerings. With over 25 years of operational history, the business has established strong vendor relationships and proven merchandising strategies that drive consistent sales performance. The owner is selling due to health reasons and is motivated to transition the business to a new operator who can continue its legacy. This represents a rare opportunity to acquire an established retail business with demonstrated profitability, established systems, and ready-made customer loyalty in Michigan's revitalized downtown district.

Financial Details

Asking Price
$400,000
Cash Flow
$65,000
Gross Revenue
$1,115,000
EBITDA
$50,000
Inventory
N/A

Business Details

Established
1997
Employees
11
Real Estate
Included in Price
Reason for Selling
Health Reasons
Financing
No
Training
No

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
6.2x
Price/Revenue
0.4x
DSCR
1.30
Cash on Cash ROI
-112.9%
Down Payment (SBA 10%)$40,000
Loan Amount$360,000
Monthly Payment$4,180/mo
Annual Debt Service$50,159
Owner Salary$60,000
Cash Flow After Debt + Salary$-45,159
Asking Price
$400,000
Cash Flow: $65,000

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