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Santa Cruz County, California
Speciality Crystal Shop - Well Established
Asking Price
$200,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Name: Datta Khalsa
Phone: Show phone number
Name
Datta Khalsa
Phone
Show phone number
Description
This store is the go-to spot for locals and tourists alike to find the broadest selection of fine gems, crystals, specimens, beads, findings and metaphysical objects in the region. It is conveniently located close to a museum, coffee houses, restaurants, and bookstores with other popular shops including an independent game store nearby.
The premises occupy 1,115 sq ft. and the lease runs through March of 2025, with Landlord open to further extensions. Base rent is at $1,852.49 per month plus NNN of $356.80 per month (total $26,511 per year, including NNN), with annual CPI increases.
Sources include regional wholesale sources as well as direct imports and bulk lot purchases yielding incredible Profit Margins ranging between 4x-6x for larger items, and as much as 15x-30x for smaller items. (Recent examples include an item purchased for $500 sold for $2490 and an object purchased for $700 sold for $7,000).
Historically operating hours were 10AM-6PM 6 days per week, due to health reasons the store has only been open for minimal hours, operating 2-3 days per week in recent months, which will be reflected in the numbers for 2024.The business is being offered at little more than the cost of its inventory to attract new ownership to come in and carry on the tradition of a longtime respected establishment with a long list of dedicated and loyal customers.
Listed for $200,000 (Includes estimated $150,000 inventory)
Posting Information
Posting ID:
276862
Attributes:
Broker Cooperation
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Posting Title
Speciality Crystal Shop - Well Established
Posting ID
#276862
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