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Fresno, Fresno County, California
Asking Price
$439,000
Revenue
Call / Email
Down
All Cash
Cash Flow
Call/Email
Name: Taj Randhawa
Phone: Show phone number
Name
Taj Randhawa
Phone
Show phone number
Posting ID:
270914
Attributes:
Training And Support
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This store has been arguably the most popular women's boutique business for sale 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, 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. 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. The ideal buyer for this business would take over the manager and buyer duties for maximum profit. They should be trend savvy and have a passion for fashion. 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. Perfect time to buy as the economy continues to grow post recession. Lots of upside potential. Lease expires in 2016 but can be extended to 5 years plus option. 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 and accounts included. Orders of exclusive designer clothing have already been placed several months in advance. $58,000 + inventory, which may be purchased at cost at buyer's option.
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Since opening its first restaurant in 1996, Baja Fresh Mexican Grill has featured all-fresh, traditional fire-grilled Mexican favorites, serving the freshest and highest-quality food in bright, clean environments. Food is always prepared by hand from real recipes and real farm fresh ingredients. Baja Fresh believes in real food made with passion. If you too have that passion, here is your opportunity to own a Baja Fresh Mexican Grill franchise at an affordable price! This franchise is located in a highly-desirable, upscale retail center, in one of the most affluent communities in Los Angeles County! Established in 1996, this 1,300 square foot restaurant seats 30 inside and 30 outside, and is operated by 2 full-time and 8 part-time employees. Many of the customers are from the adjacent movie theater and mall, as well as from the nearby office buildings and affluent residential community. This particular Baja Fresh is considered a 'legacy franchise.' and has the privilege of having a 4 percent royalty fee, compared to 5 percent charged to most other Baja Fresh franchisees. The marketing fee is an additional 1 percent. As for potential competition, there is virtually no other Mexican food available within the immediate center or in the adjacent mall, and the nearest Mexican restaurants are approximately 3 miles away. The sales over the last couple of years have declined due to the slowing down of the general economy. However, there is a huge opportunity for a working owner to improve the sales, costs and local marketing. The owner feels that once the economy improves, and the local large businesses start hiring again, sales will definitely improve. The owner is selling because he recently bought out his partner, and he lives too far from the franchise. This opportunity won't last! Make an offer now! Owner is motivated!
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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.
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