Profile: Kitchen, Gourmet, Home Décor Products That Appeal To Its Very Upscale Clientele.
|
Ad/Listing Information
|
|
 |
|
|
|
| Financial Information |
Detailed Information |
|
| Asking Price: |
$350,000 |
| Down Payment: |
$350,000 |
| Annual Revenue: |
$1,837,770 |
| Annual Adjusted Net: |
$53,151 |
| Price Range: |
$250,001 to $500,000 |
|
| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
|
|
|
Description:
|
Here’s Your Chance To Own A Well-Established Upscale Niche Retail Business In One Of Southern California’s Most Desirable Coastal Communities. And, Even Better News Is That You Can Buy At Approximately One-Half Of Its Asset Value And At The Value Of Its Inventory. The Business Offers A Wide Variety Of Kitchen, Gourmet, Home Décor And Entertaining Products That Appeal To Its Very Upscale Clientele For Their Own Homes Or As Gifts For Friends And Associates. This Successful Store Has Been In The Same Location For 22 Years, And Occupies Prime Retail Space. Its Upscale, Sophisticated And Knowledgeable Clientele Shop At This Business Because Of Its Unique Products And Because Of Its Exceptional Service-A Major Focus Of The Business Owners Since Its Founding. After More Than 40 Years In Retailing, And 22 Here At This Business, The Owners Have Decided To Retire. Bring Your Enthusiasm And Skills And You Will Be Well-Rewarded For Your Investment.
Marketing: The Company’s Marketing Primarily Focuses On A Variety Of Print Media. Two Direct Mail Pieces Annually Reach The Targeted Demographic Of Upscale Households Earning 75,000+ Annually Within A Ten Mile Geographic Radius Of The Business. Management Believes That The Best Results Are Achieved By Promotional Events - Made Possible By The Long Established Name And Reputation Of The Company.
Strengths & Opportunities: Established Company; Same Location Since 1984; Outstanding Reputation - 50% Of Customers Are Repeat Customers; Provides Specialty Products And Orders That Other Stores Don’t, Ensuring High Repeat And New Customer Visits; Great Location, Located In One Of Southern California’s Most Desirable Coastal Cities; Well-Planned Retail Space; Professionally Decorated And Merchandized; Devoted Employees Willing To Stay, Average Tenure 7-8 Years.
Hours & Staffing: The Company Employs Eleven (10) Hard Working And Devoted Individuals; Most Of Which Are Expected To Stay With Transfer Of The Business. Average Tenure Of Employees Is 7+ Years. Salaries Range From 10 Hour To 20 Hour. Hours Are Monday Through Saturday 10 AM To 6 Pm; Sunday 11:30 AM To 5:30 PM\.
Area, Facilities & Equipment: The 5,240 Square Foot Tri-Level Store Is Located In A Very Popular Strip Center. The Store Was Extensively Re-Modeled In 2004, And Is In Excellent Condition; No New Major Capital Expenditures Are Anticipated. Its Tri-Level Structural Design Easily Allows For Seasonal Transformation. The Facility Is Leased Until March 1, 2008 And Has Monthly Payments Of 13,770. A Five- Year Option Is Available.
Company History: The Current Owners Opened The Store On December 7, 1984. The Store Was Originally Opened As A Small Kitchenware Store. As The Clientele Began To Grow, The Owners Felt The Need To Expand, And Added Space And Product Offerings In 1987. The Continued Success Of The Store Let To Yet Another Expansion In 1996, And It Was At This Time That The Store Took On Its Current Tri-Level Design. Continuing To Grow, The Store Recently Expanded Again, Undergoing A Re-Model In 2004.
Other Comments: This Is A Confidential Business Offering. Prospective Purchasers Will Be Required To Sign A Non-Disclosure & Confidentiality Agreement And Provide Proof Of Financial Capability Prior To Receiving Further Information About This Company.
|
Business For Sale Photos
|
|
