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Ventura County, California
Asking Price
$5,250,000
Revenue
$1,025,000
Down
$1,500,000
Cash Flow
Call/Email
Name: Babak (Bob) Shamtoub
Phone: Show phone number
Name
Babak (Bob) Shamtoub
Phone
Show phone number
Posting ID:
292991
Attributes:
Broker Cooperation
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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.
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.
Kitsap County, Washington
Piano Lessons
$ 90,000
CF : $ 80,000
The sale price includes two grand pianos, one a refurbished Steinway grand, and all of the Curriculum Inventory The business averages 60-70 students and one assistant teacher. As well as paid piano performance/accompaniment work opportunities The seller will provide 5 months of on-the-job training in piano teaching methodology. Detailed Information Location: Kitsap County, WA Inventory: Included in the asking price Real Estate: Leased Support & Training: Sell will provide 5 months of training
Orange County, California
Full Service Salon with 18 Hair Stations
$ 155,000
CF : $ 43,000
If you are looking to buy a well-run, full-service salon, with steady, long-term employees, then look no further! This well-established salon is located in a bustling, affluent Orange County beach city center, and has been providing hair services for over 30 years! The salon offers designer cuts, expert color, hair extensions, weaves, manicures, pedicures and facials, and has a loyal clientele that consists of children, and women and men of all ages. It is busy with highly talented and experienced employees. 9 full-time stylists, 6 part-time stylists, 2 full-time manicurists, 1 part-time aesthetician, and 2 part-time receptionists. The owner provides weekly in-house training on new products, styles, and techniques to keep stylists updated on the latest trends. He has also worked with several of the stylists for many years, and they all get along well together, which is essential in a salon! This 2,300 square foot salon has a contemporary interior and includes 18 hair stations, 4 manicure stations, 4 shampoo bowls, 4 hair dryers, 2 treatment rooms, dispensary, a large reception and retail area, and an upstairs break room/office. The shop also sells its own line of excellent hair care products, as well as products by Eufora. The monthly rent for this facility in this premium location is only $4,900 per month. The owner has identified several opportunities to grow the business, such as filling the remaining hair stations, manicure stations and treatment room, as well as continuing to promote the salon on Groupon and LivingSocial. The current owner would like to sell so that he can pursue a new career.
Los Angeles, California
5 Day Cafe - In Medical Building
$ 249,000
7am - 3pm, Monday-Friday. Easy operation - Large profit margin with offerings such as juices, smoothies, sandwiches, salads, bagel/cream cheese, soups, etc. Can stay open longer and benefit from longer opened hours from building employees and add the dinner deliveries in this upscale neighborhood. * Monthly rent: $4,068 including NNN * Lease ends 2020 - Landlord will add option for qualified new tenant * Restaurant size is approx. 1,000 sq. ft. * Occupancy approx. 36 seats * Monthly gross is $26,000 - room to increase revenues with longer hours * The average net income is $8,000+ including add-backs Seller Will Show The POS Numbers And Other Figures Possibility to increase net income to $10,000+ per month (with more opened hours, or/& adding food option or/& add dinner deliveries) * Payroll is averaging at $4,000 per month + payroll tax * 5-day business, hours are from 7am to 3pm, Monday thru Friday. Closed on Saturdays, Sundays and Holiday weekends * 2 full-time employees and 0 Part Time * Owner works full time, but works often only 4 days per week * Business created about 15 years ago Has POS System Limited parking in Free standing building front. Turnkey and beautiful cafe in a medical building near Cedars Sinai Hospital. Asset Sale but this Business is profitable which is a rare fact for any offering for sale and has room to grow: such as longer hours to profit from the building employees who leave work at 6pm or so, also the private residences around with dinner deliveries, or/& more food offerings, or/& advertise, or/& add delivery options with online ordering companies, etc. Low rent, attractive lease. Excellent opportunity for an owner operator to own your cafe in one of Los Angeles most dense, upscale & populated area - No hood no grease trap - but otherwise fully equipped for a cafe. Sales price includes all F, F & E; $2,000 food inventory; goodwill; all permits and more. Full training and support. Trained employees will stay which will be an easy transition for new owner. Seller must relocate, thus why the need to sell his profitable cafe. Landlord will accept a qualified tenant with restaurant/cafe experience and be a US Citizen or with a Green Card.
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Beautiful Store With 3 Years New Fixtures. Purchase Price Includes Laminate Flooring, Maple Cabinets, Stainless Steel Fixtures, Beautiful High-End Checkout Counter, Custom Light Fixtures Throughout The Store, And More. This Retail Store Is Located In Petaluma, At The Same Shopping Center As McDonald’s, Lucky’s, Subway, And Right Next To Blockbuster. It’s A Huge Shopping Center With Lots Of Anchoring Stores And Huge Potential. Great Space For A Boutique Clothing Store. Just Fill The Space With Inventory And It’s Ready To Go. If Interested In The Existing Inventory, It’s Negotiable. There Is 2 Years Remaining On The Current Lease With A 5 Years Optional. Please Call (707) 888-9929 For Specifics.
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