Operating a specialty clothing boutique can be quite rewarding, working with clients to choose wardrobe selections to help them look their very best for any occasion. At the same time, there can be many challenges associated with operating such a boutique. As David Minoofar of Studio boutique in Summit, New Jersey, recently explained to us, it is often necessary to update inventory before the season even begins. While it’s a necessary part of operating a business, restocking inventory ahead of the next season can also be expensive for most boutiques.
Studio, which has been in business for 17 years, is a women’s specialty boutique offering a complete range of clothing for women. When the boutique’s inventory recently needed to be updated ahead of the season in order to provide clientele with the latest looks, David turned to 48 Factoring for assistance with funding.
Updating an inventory ahead of the season is vital for any boutique, as customers expect to be able to walk in and find the latest styles and designs. In order to obtain the best pricing and styles, this typically means that clothing stores such as Studio must order their inventory weeks ahead of the next season.
David had never applied for funding with banks and found his experience with 48 Factoring to be quite pleasant. “We communicated correctly on the same level, and it was done professionally,” David said of his experience with 48 Factoring. As his season was just beginning, the capital obtained from 48 Factoring was used by David to help him grow his business.
Located at 452 Springfield Ave. in Summit, Studio is open seven days a week and carries the best and most versatile American as well as European fashions. Studio specializes in providing personal service and attention to detail.