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Long Beach, Los Angeles County, California
Asking Price
$999,000
Revenue
$2,000,000
Down
$999,000
Cash Flow
$320,000
Name: Ryan Clark
Phone: Show phone number
Name
Ryan Clark
Phone
Show phone number
Posting ID:
250326
Attributes:
Broker Cooperation
Training And Support
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This beautiful gift shop is located in an idyllic Orange County seaside community, where a blend of locals and tourists stroll along the street shopping at the many unique shops, or stopping to eat at one of the many restaurants. Situated on one of the best blocks on the street, this shop gets plenty of foot traffic from the nearby beach and restaurants. It is the only local shop with a great product mix of stationery, invitations, picture frames, jewelry, home fragrances, tabletop accessories, as well as silver and crystal items that can be engraved right in the store! Established in 1994, the store has consistently provided excellent customer service and carried exclusive, high-end brands. As a result, the store has a very loyal, and affluent clientele. The business has a strong cash flow from the high profit margins and low rent. It also could be absentee-run, as it is easily run and managed by one employee. The owner has identified opportunities to grow the business, such as offering more engraving and adding embroidery for bed and bath items. Approximately 10,000 in inventory is included in the sales price. The owner is selling the store so that he can move out of state.
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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.
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Pet Boutique
$ 59,000
Location, location, location! This adorable dog boutique has a highly-desirable location in this affluent Orange County community! The shop is situated on a busy retail street that has high foot traffic from the locals and year-round tourists! This is a great opportunity to own a business that is fun and easy to operate! The shop offers popular treats and accessories for dogs, as well as dog-themed gifts for lovers of all things canine! This delightful 1,100 square foot shop rents for 3,600 per month, and there is one part-time employee. To increase profits, a new owner could add pet grooming which would please the locals! Approximately 80,000 in inventory is not included in the sales price, but is available at an additional cost . The owner is selling the business because she is busy with her other business.
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Mediterranean Restaurant
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This fun-sized restaurant serves tasty Mediterranean cuisine, but could easily convert to other concepts! It has a great location off of a major street, situated next to major shopping centers, near office complexes and hospitals in this affluent South Bay community! The 1,000 square foot restaurant features a front patio, an enclosed side patio and a fully-equipped kitchen all for a very low rent of just 1,400! The small size and concept is easy to manage and keeps food costs low. There are many opportunities to grow the business! The buyer could keep the current concept and add a breakfast menu, expand the catering services, add beer and wine, or a hookah bar. Or the restaurant could be converted into a pizzeria, deli, coffee house, or breakfast/lunch cafe! . This is a great restaurant opportunity that won't last! The owner would like to sell the restaurant to spend more time with her family.
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