Retail
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $270000
Net Profit / Cash Flow $102000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 1 - 3
Inventory 245000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 3 weeks at 20 hours per week following close of escrow.
Reason for Sale Other business.
Description One-of-a-kind Specialty Gift Store in busy southland mall that offers large variety of unique medium to high-end gift products like costume jewelry, watches, pens, lighters, clocks, picture frames and much more. Each product can be engraved to make it unique and personalized for any occasion: weddings, baptism, birthdays, anniversaries, etc. Equipped with a state-of-the-art engraving machine and computerized POS/Inventory system, this is the only store in the area capable of etching and glass engraving. This unique shop is an authorized dealer for brand names such as Mavado, ST DuPont and other exclusive Brand Name merchandise that is highly sought after by consumers. Situated in a prime high-foot-traffic location in the mall between two large anchor stores, it has a great reputation and name recognition within the mall itself and the local community. The interior of the store is beautifully designed and no expense was spared with over $240,000 in Furniture, Fixtures & Equipment. Store can easily accommodate the addition of other product categories like fine jewelry and watches. Huge opportunity exists to expand sales by marketing to local businesses, studios, etc. With $270,000 in gross annual income, $102,000 in net annual income, and 245,000 in fixtures and equipment, all are included in an asking price of $295,000 plus inventory of $100,000.
For more information, contact Tony Kogak Wise Business Advisors, at (818) 933-5222 ext 106.
Click Here To Contact Seller
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