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Los Angeles, Los Angeles County, California
Asking Price
$2,400,000
Revenue
$1,664,113
Down
$2,400,000
Cash Flow
$476,441
Name: Ryan Clark
Phone: Show phone number
Name
Ryan Clark
Phone
Show phone number
Posting ID:
291227
Attributes:
Broker Cooperation
For Sale By Owner
Owner/Seller Financing
Training And Support
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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 14 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. The boutique's prime corner location provides excellent street visibility and tremendous foot traffic from the 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. It features 5 changing rooms, an employee break nook, office, and ample backroom storage, plenty of space for all supplies, extra fixtures, holiday decorations, and back stock for at least 20 styles of shoes. The boutique currently employs 4 superb part-time sales people, and can easily be run by an owner or hired manager. The ideal buyer for this business should be trend savvy and have a passion for fashion. The elderly owner is selling the boutique to raise cash for renovations on a commercial property he recently purchased. A retired 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. Lease expires in 2012 with an option to extend for another 4 years at the same rental rate. Inventory is not included in sales price, but can be purchased at cost at buyer's option. Training on operations, buying, and all vendor sources included.
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You couldn't ask for a better location than this! This lovely jewelry store is situated in a popular shopping center across the street from a major, upscale mall in an affluent South Bay city! The center is near the freeway which provides easy access, and the magnet stores draw customers! Also, the jewelry store has extra-large signage for prominent visibility from the very busy street! Established in 1991, this full-service jeweler offers a large selection of jewelry -- wedding and engagement rings, diamond, pearl and gem stone rings, necklaces, earrings and bracelets, men's and women's watches -- and also provides jewelry and watch repair and jewelry cleaning. The business operates from a 2,000 square foot facility, which leases for 5,500 per month. The low rent keeps overhead costs affordable! This jewelry store is perfect for an enterprising gemologist who would like to have their own store, or for an existing jeweler who would like to add a second location! The owner is ready to retire, and is highly motivated.
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