Financing: $90,000.00 Down and Financing for 24 Months @ 7%
Reason for Selling:Partnership Dissolving
Boutique retailer of luxury cosmetics, skincare, fragrance, bath & body products as well as in-store spa concept all in one place. Located in a strip mall with 28 national retailers in a very wealthy area of Morris County New Jersey. Very reasonable rent. 6 years still on the lease with an option to renew in 1 year. Day Spa is 23% of sales. A lot of room for growth. (medi spa, laser, injectables etc). Going at 20% yearly.
Brick and mortar:
1) Location - We are located in shopping plaza with 28 national retailers, some of them include Ann Tailor, JCrew, White House Black Market, Banana Republic, GAP and more.
2) Demographics - The Chester area is a high income area with median household income over 150K / year.
3) Established store - Our 2200 sq ft store operating in the mall for more than 3 yeas and have a loyal established clientele.
4) Competition - There are no competing retailers in 10 mls radius.
5) Brands - Smashbox, Kevyn Aucoin, Bare Minerals, Jane Iredale, BECCA, Fresh, Bliss, L'Occitane, REN, Caudalie, Philosophy, Peter Thomas Roth, La Vanilla, Mario Badescu, Dermalogica, SkinCeuticals, Dr. Dennis Gross, Anthony, CREED, Frederic Fekkai, Phyto, Molton Brown, Diptyque, Tocca, Lafco and many more.
6) Exclusive rights - We have favorable lease terms including an exclusive right to sell such products in this shopping center.
7) In Store spa - Two treatment rooms (with possibility to expand) where we offer a wide spectrum of spa services including massage.
8) 5 stars service - We have 5 star yelp reviews which is unmatched by any competition that itself is very limited in the area.
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