Established Highly Profitable Retail in Super Location

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UPSCALE CUSTOMERS, TERRIFIC LOCATION, PLUS GROWING ONLINE SALES
Asking Price:
$620,000

Gross Revenue:
$1,300,000
Cash Flow:
$270,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$210,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is an unmatched opportunity to own an established brand retailer providing personal accessories and home/business implements as well as special limited editions and collectibles to an upscale clientele. Carmel-by-the-Sea is a world-class destination city, and the store is in a prime location on one of America’s best shopping streets. With phenomenal sales per foot performance, rent is reasonable with a great landlord.

The premises are unlike any other retail space in the area, consistently attracting public and media attention and walk-in traffic. It is a "must see" store when visiting this famous California seaside town. Designed by a leading architect, the store is a landmark and a masterpiece of fine woodworking. The build-out cost exceeded $250,000. Located in the “Golden Mile”, it is near to luxury retailers such as Tiffany, Coach, Bottega Venetta, Cole Hahn and others.

Bonus: Not only do you get a great store that’s been successful for 28 years, you also get a fast-growing e-commerce website that is easy to manage. With an established retail presence attracting thousands of local and visiting shoppers every year and an ever-growing number of US and worldwide online customers, this business is a one-of-a-kind opportunity to build a national and internationally renowned brand. Internet sales grew 58% in 2018 and are on track to grow substantially in 2019. The business has a 20,000-customer mailing list, 25,000 email addresses and 14,000 Instagram followers. A new owner can touch a whole new national and international market.

The store has an office/shipping facility in the basement directly underneath the store. The office and shipping areas are set up with computer workstations to support fulfillment of internet and phone orders as well as receiving and storing products.

The business is in one of the most beautiful and picturesque seaside towns in California. Not only will you acquire an amazing business, you’ll also be able to live in one the most beautiful spots in the United States and the world. Take a lunchtime walk to one of the best beaches anywhere! For international buyers this business can fulfill investment-based immigration requirements for a move to the US.

With its mild climate, consistent good weather, great restaurants, wonderful shopping, and many attractions, Carmel is a year around destination. Its reputation and charm guarantee a steady stream of visitors and customers. Nearby are the Big Sur coast, Carmel Valley wineries, Pebble Beach with world famous golf courses, Monterey with the Monterey Aquarium and whale watching, and so much more. 4.6 million visitors a year frequent the Monterey Peninsula area. There are constant events (golf, fine cars, music festivals, races, food & wine) that keep visitors coming. Watch for celebrities in your store!

The sale of the business is confidential and additional information will only be provided to qualified buyers under non-disclosure. The products offered are both beautiful and unique, with no local competition and limited online competition. The owners take pride in what they have built, and you’ll be excited to learn more.

Inventory is in addition to the business purchase price. Typical inventory is estimated at $210,000 at cost.

After nearly 30 years the owners are ready to retire. This is your opportunity! Contact info@carmelbizsales.com or call 831-625-5581 today.

About the Business

Location:
Carmel By The Sea, California
Facilities:
The boutique has beautiful custom-built cabinetry made of stunning specialty woods at a cost of over $250K. The store has an alarm system and break resistant front windows for security. Five computer stations, fully integrated customer database, POS, inventory and shipping software. It features an Internet based telephone system with music and messages on hold. The basement has a 700 sq. ft. office that is used as the Web department, accounting, shipping/receiving and storage. The upstairs store and downstairs office/shipping area are networked.
Market Outlook/
Competition:
Virtually all competitors are located on the East Coast, making this business a one-of-a-kind retailer and e-tailer on the West Coast. There is no local competition and the number of competing websites is limited.
Growth & Expansion:
Unlimited! The web is a current focus for the growth of the business. The business is on the forefront of internet marketing and has developed one of the leading websites. The business has an effective social media strategy to promote and engage with customers. Because of its unique and valued location, continued development of high-profit branded product lines for retail and Web can increase business profits. Possible expansion to other related luxury product lines could include watches & jewelry. Other markets prime for expansion might be San Francisco/Silicon Valley, Chicago, Houston, Los Angeles, or Seattle
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About the Sale

Reason For Selling:
The sellers are ready to retire after almost 30 years in business.
Training/Support:
Four weeks of training is available for the buyer and is included in the price to facilitate a successful transition for the new owner. Other arrangements can be negotiated. It is possible to retain seller involvement as a consultant in the business.

Listing Info

ID:
1667350
Ad Detail Views:
261

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Carmel Business Sales

Carmel Business Sales
License# 01970708

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