Buying a T-Shirt Shop on 30A Florida: Good or Bad Investment?

Ever dreamed of running a store in a gorgeous beach town? Well, here’s your chance to check out a retail business right in the heart of WaterSound, Florida. Imagine managing a shop in a place where tourists flock for sun, sand, and some serious shopping. Sounds tempting, right? Let’s dive into what this business has to offer and see if it’s as amazing as it sounds.

Listing

We found this listing on BizBuySell.

What’s the Deal?

Business Type: Branded Apparel and Accessory Store
Location: WaterSound, Walton County, Florida
Price: $5 Million
Established: 2017
Inventory: $500,000
Leases: Good through December 31, 2032
Seller Financing: Available (less than 50% of the sale)
Broker: Dennis Hobbs, Fountainhead Firm

The Scoop

This business isn’t just one store—it’s three! They’re all located in WaterSound, a hotspot for beach lovers and high-end tourists. The main store is all about branded apparel, while the other two offer a mix of beach-themed goodies. There’s also an online store to catch those who prefer shopping in their pajamas.

Highlights:

• The store has a sweet deal with a brand, allowing it to use their name without paying royalties for a 20-mile radius.
• The area attracts over 500,000 visitors a year—talk about foot traffic!
• Leases are locked in until 2032, so no worries about moving anytime soon.

The Market Vibe

WaterSound is like the VIP section of Florida’s beaches. It’s upscale, beautiful, and full of tourists who don’t mind spending a little more for a special souvenir. The business fits perfectly into this high-demand market, where people are always on the hunt for cool, branded stuff to take home.

Who’s Competing?

• Seaside Style
• 30A Apparel Brand

These folks are in the same game, offering similar beach-themed apparel. But with the right strategy, this store could stand out by offering unique, high-end products.

Money Talk

The asking price is $5 million, but there’s not much detail about how much money the business actually makes. That’s a bit of a red flag—you’ll want to dig into the financials before jumping in.

Pros:

• Prime location with tons of tourist traffic.
• Established brand with a solid presence.
• Opportunity to expand and add new products.

Cons:

• No detailed financial info available.
• High asking price with potential risks if the numbers don’t add up.
• Seasonal revenue swings due to the tourist season.

Growth Potential

1. Add New Products: Think about expanding the product range to attract more customers.
2. Open More Stores: If the brand is doing well, why not open more locations?
3. Boost Online Sales: Improve the online store to capture more sales year-round.

Day-to-Day Details

Management: The current owner isn’t involved in day-to-day operations, which is great if you’re looking for a semi-absentee investment.

Staffing: With 8 full-time and 6 part-time staff, the team is manageable, but you’ll need to handle the ups and downs of seasonal staffing.

Inventory: Managing stock in a tourist area can be tricky, especially if the seasons affect sales.

Final Thoughts

This branded retail store in WaterSound could be a fantastic opportunity if you’re looking to dive into a beachside business. With its prime location, established brand, and high tourist traffic, it’s got a lot going for it. But remember, the high price and lack of financial details mean you’ll need to do your homework before making a move.

Who Might Be Interested?

• Investors with retail and tourism experience.
• Buyers who like the idea of a seasonal business in a tourist hotspot.
• Entrepreneurs ready to take a brand to the next level.

If you’re up for the challenge and excited about the potential, this could be your next big investment. Just make sure you get all the details and understand what you’re getting into.

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