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Newport Beach, Orange County, California
Asking Price
$390,000
Revenue
$1,270,759
Down
$390,000
Cash Flow
$129,665
Name: Mike Shakeri
Phone: Show phone number
Name
Mike Shakeri
Phone
Show phone number
Posting ID:
2996038
Recommended Businesses
Long Beach, California
Womens Boutique
$ 58,000
This store has been arguably the most popular women's boutique on 2nd street since established in affluent Belmont Shore in 1996. It has built up a very loyal local following over the last 16 years, and also caters to tourists and visitors to the nearby Long Beach convention center. The business association in Belmont Shore is very active and conducts many special events and attractions on 2nd Street, which draw tourists from throughout Southern California. The boutique carries exclusive labels and better priced items of trendy clothing, shoes, accessories, and jewelry. Inventory turnover is very high in this busy, high-volume store. Sales of accessories and jewelry, which have higher margin, are especially brisk. The boutique's prime corner location provides excellent street visibility and tremendous foot traffic from the thousands of people strolling along the street to shop and dine at the many fine restaurants. The store operates from a gorgeous 1,450 square foot space, which features a 14 foot high ceiling, crystal chandeliers, and a spectacular 56 linear feet of window frontage. It features a fanciful, themed interior that garners constant compliments from impressed customers. The racks and fixtures are unique, antique looking--all custom built for the store. The well designed shop features 5 changing rooms, an employee break room, an office, and ample backroom storage, plenty of space for all supplies, extra fixtures, and holiday decorations. There is enough display and back stock shelving for at least 20 styles of shoes. Owner spent 200k on a floor-to-ceiling remodel. Includes 6k Sensormatic theft detection system and is prewired for security cameras, which are not included. The boutique currently employs 4 superb part-time sales people and a manager who have all established relationships with loyal clientele. The manager maintains the facebook and popular fashion blog for the store and can be trained as the buyer in case the new owner does not want to work in the business. The ideal buyer for this business should be trend savvy and have a passion for fashion. Substantial savings/extra profit if new owner wishes to take over the manager's duties. The elderly owner is selling the boutique, the third one to be sold as part of his second retirement plans. Already retired as CPA, he was forced to take over the business in 2000 from his brother, who became disabled at that time. Now, he himself is downsizing his business affairs after a recent heart attack. The business has a much greater profit potential if energized by a younger, more passionate owner-operator. Customers have been requesting an Internet sales capability, which the new owner is strongly advised to set up. Domain names included. Perfect time to buy as the economy continues to grow post recession. Lots of upside potential. Lease expires in 2016. Being near the beach and several colleges, summer sales are higher than most boutiques, although highest sales are November/December. Training on operations, buying, and all vendor sources included. Orders of exclusive designer clothing have already been placed through the end of the year. 68,000 + inventory, which may be purchased at cost at buyer's option. Belmont Shore Long Beach Los Angeles.
Orange County, California
Frozen Yogurt And Chocolate Boutique
$ 245,000
CF : $ 105,000
Great Opportunity to own a solid business that has been established for 7 years and is still operated by the original owners. This business is located in a very popular destination place where locals and tourists come to visit all year round. This is a highly affluent area. The Yogurt side of the business is a license agreement with no royalties. The Chocolate Boutique side also has no royalties and is very popular with the locals. Sales are very steady and predictable every year which makes the store very profitable. Seller will train for up to 1 month. Hurry, this business won't last!!!
Los Angeles County, California
Software - Tablet App
$ 2,000,000
CF : $ 290,000
Business Insider in October 2014 stated that this app was selected as one of the top 100 greatest apps. Over 800,000 users from around the world have purchased this app over the last five years. An iPhone 6 Plus version of the app is scheduled to be released in September 2015. Competitive Advantage and Business Strengths * Reviews: The app has grown in popularity driven by its product quality. With little to no marketing, the product quality is what has been the foundation for its growth. In all its debut, more than 55% of users gave it the best rating, 5 out of 5 stars. 25% gave it 3 or 4 stars. * Quality: After 5 years of continuous development, more than 30 version upgrades and three complete overhauls, the app is one of the best quality note taking tablet apps on the market. The app features handwriting recognition and intuitive vector-based system that turns your handwritten notes into text, audio recording abilities along with easy to use interface ties all these features together seamlessly. * Users of the App: Approximately 40% of the users are students and 60% of the users are professionals. Both the student population and professional services will continue to grow at a fast pace in the next 10 years providing strong marketing opportunities. * Language: The app is written in many languages to help extend its geographic reach around the world, it can be read in English, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish and Vietnamese. These 800,000+ purchases represent sales from around the world; 57% from USA and Canada, 26% from Europe, 11% from Asia and 6% other locations. Growth Initiatives: * Lower price point: Upon release of the iPhone 6 Plus the price point is projected to be one of the lowest in the market place giving the company an opportunity to increase market share. * Growth: For 2015 the main initiative is to focus on an app for the iPhone 6 Plus. The screen size of 6 Plus is large enough to incorporate the handwriting feature. Since the iPhone 6 Plus was introduced to the market place there are countless requests from users to make this app universal. The iPhone 6 Plus version is scheduled to be released September 2015. * Cross Selling: A strong customer base of over 800,000+ satisfied users from around the world give a company a chance to tap into this large user group and cross sell other similar products. Sales of this app could improve with a company that had a broad geographic reach and distribution infrastructure set up to support sales. * Current Users: Continuing to engage the users with periodic email blast, social connections and in app connections would create additional social media hype that can be used for marketing purposes. Marketing to the current users would create opportunities to sell other technology based products and increase the amount of money spent per user. * Social Media: Establishing strong relationships in both the social media environment and with Apple Staff would drive attention to the product and increase consumer awareness.
Los Angeles County, California
Horse Feed Supplier And Store
$ 249,200
CF : $ 146,705
Horse feed supplier and store covering So Calif horse areas. This is a growing and thriving business that is a prime SBA loan candidate for a person who loves horses. 5,000 sq store with 2,000 sq storage yard. Four vehicles included in sale. $4,000 rent with no CAM fees. 25% down for SBA loan.Long established and owner is motivated to retire from this business
Los Angeles, California
Flower Shop
$ 13,500
Don\'t miss out on this great opportunity to run your own business and become your own boss. Established for 20 years as a flower shop. Great location on a main, busy street across from hospital. No competitors near by. Monthly rent is only 600 dollars and it includes water and electricity. Selling price includes all merchandise and equipment (refrigerator, teddy bears, vases, baskets, cash register, credit card machine, furniture, supplies needed to make arrangements etc.) Selling price of 13,500 or give us your best offer. Must sell, looking to expand.
Alameda County, California
Custom Cabinet Manufacturer
$ 1,150,000
CF : $ 386,442
This shop has been serving the greater San Francisco Bay Area for decades. The company has kept its focus on delivering quality cabinets, on time, at affordable prices. The business offers a wide range of custom cabinetry, finishes, counter tops, and installation. They will outfit client's kitchens, media centers, bathrooms, offices and many other areas that need custom cabinetry or woodwork. The latest design software and computer controlled machinery are used. A combination of highly skilled, long-term and dedicated staff will ease the transition to a new owner. The seller wants to retire but has some flexibility in how long they can train and work with a new owner. All new business and sales are based on referrals from satisfied clients, contractors and designers that appreciate their products and service. Customers: primarily residential, new construction or remodel, contractors and homeowners. The business operates in a spacious facility at a fair lease rate with nearly 7 years of lease remaining. No contractors license is required to own or operate this business. Facility: 12,000 sq. ft. Total Rent: $6,895
Redondo Beach, California
Brand New Full-Service Salon - Price Reduced
$ 75,000
You have to see this salon and spa to truly appreciate this exciting, turnkey opportunity! This brand-new, high-end salon is located in the extremely popular, upscale center in Redondo Beach! Newly built three months ago, the 961 square foot salon has a very hip and modern decor, and features 8 hair stations, 2 shampoo bowls, 2 hair dryers, a dispensary, and a fully-plumbed aesthetician room. A retail area displays a selection of professional hair care products. The salon specializes in providing a unique, personable experience for clients. The 5 experienced stylists are on the cutting edge of trends and techniques, and offer a wide range of services, including designer cuts, expert color, up-do's, deep hair conditioning, and hair weaves/extensions using 100 percent Indian hair. Although the stylists have their own established clientele, they have the opportunity to increase their clientele by providing services to the many new customers that walk-in daily! The owner feels there are many opportunities to grow the business, by renting out the remaining chairs and aesthetician room, and cross-promoting with complimentary businesses in the center. The current owner needs to sell because he needs to take care of family members who live out of state.
Valley Village, California
Mediterranean Restaurant Abc 41 Pizza Equipment
$ 249,000
Profitable restaurant - owners retiring - business established 1997 - 50% of gross sales for catering and orders to go. Here is your unique opportunity to purchase this established restaurant, known for its service and freshest ingredients. Can convert to any other concept, add pizzeria since extensive and expensive pizza equipment is available and included in the ask price. Extreme visibility - the restaurant frontage is about 60' -- unobstructed street exposure; tables could be set along the restaurant front. Corner of two major streets -- steps from iconic Studio City, hipster NOHO, Toluca Lake and the Movie Studios.. 2,800 s.f - fully equipped restaurant established since 1997 - beer & wine license (41), bar area, over 100 seats, Kitchen + back kitchen + 800 s.f storage room Rent $6,100 + NNN. Lease: until 2109 + one ten (10) years option. Space can be divided to 1,600 sf: the rent all inclusive would be $5,600/month. there will be a new lease: Space includes the dining room, the main kitchen, the back kitchen, an 800 + SF storage room,3 ADA bathrooms,a private office, a patio. Main dining room seats over 100 patrons and features a beautiful equipped wooden bar with TV (ideal for sport viewing), 2 handicapped bathrooms. The beautiful dining room boosts arched ceilings and wood beams, wood cuffed ceilings, a fireplace, recessed lighting. Fully equipped kitchen with 20+ feet long hood, several ovens, 8 gas ranges, grills, fryer, etc. Pizza equipment included in the ask price (several pizza ovens and one rotary one), dough machine, etc.;several prep tables, freezers, fridges, shelving, etc. The back kitchen features one triple sink, prep tables, dish-washing area with dishwasher; shelving, etc. The storage room over 800 SF is an ideal area to prep for catering and large parties: many tables, prep tables, shelves; the 3rd ADA bathroom, a private office and more. Contact agent for equipment list, etc.
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