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For Sale: Antique Mall - Upscale Location - Los Angeles County, California

$399,950.00

Asking Price

Los Angeles County Antique Mall - Upscale Location Business For Sale

Description

This is a rare opportunity to acquire a renowned and much-loved Los Angeles landmark business. The owners are retiring after 40 successful years. For four decades this marketplace has remained profitable throughout numerous economic cycles. It even provided a steady income throughout the Covid pandemic.

The Antique and Vintage Mall is subdivided into distinct booths and showcases. These are rented to individual vendors, each paying a base rent along with a percentage fee of their gross sales. These two income streams would provide a steady income for an absentee owner. However, for a working owner that wishes to sell their own merchandise, the sky's the limit. The combined income streams of base rents and commission fees, coupled with the owner's own direct sales are a proven playbook for robust and consistent profitability.

Vendor booths are consistently 100% rented and there is an extensive waiting list. Importantly, new vendor rents are substantially higher than existing vendors. The mall, located on one of Los Angeles's premier commercial corridors, is surrounded by upscale neighborhoods and is in close proximity to many TV and Movie Studios. These studios are a large source of revenue. The eclectic mix of vendors and the prime location attracts reliably high foot traffic. Celebrities, set decorators, designers, and international tourists mingle daily with the general public.

There is plenty of room for growth. Nearing retirement the current owners have not pursued new growth opportunities. However, they are happy to share a number of exciting ideas with a highly energized new owner. The use of the internet and social media are not currently being fully exploited. The antique and vintage business is experiencing a renaissance as a new generation of buyers are attracted to the superior quality and uniqueness of vintage items. Vintage, made in the USA, products are sought after around the globe. This is a fun, creative, and enjoyable business.

$368,000 in net profit. It is priced to sell.

To get more information about this Antique Mall - Upscale Location business for sale in Los Angeles County please phone Fred Mercuro (Intermediary, Broker - BRE License #:01915577) at 818-878-1930 and 818-991-5200 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #280651 on BizBen.com. In addition to phoning Fred Mercuro, make sure you email Fred Mercuro above to get more info about this Antique Mall - Upscale Location, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01915577. Pacific Business Advisors.

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Contact

  1. Name: Fred Mercuro
  2. phone iconPhone: 818-878-1930
  3. phone iconPhone: 818-991-5200

Details

  1. Asking Price: $399,950.00

  2. Down: Call/Email

  3. Cash Flow: $368,000.00

  4. Revenue:    $1,158,458.00

  1. Area: Los Angeles County

  2. City: None Given

  1. Attributes:

    Absentee RunSemi-Absentee RunFinancial AssistanceTraining & SupportReal Estate IncludedOwner/Seller FinancingTangible Assets Sale Only

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Email Fred Mercuro Below About This Posting


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