Growing Business

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Resort Wear, Swimwear & Tanning
Asking Price:
$175,000

Gross Revenue:
$180,000
Cash Flow:
$31,696
EBITDA:
$31,373
Inventory:
$112,183
included in asking price

FF&E:
$5,000
included in asking price

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Business Description

California Imports Too is a specialty clothing store focused on swimwear, resort wear, indoor tanning and hand airbrush spray tanning all the while providing a personalized fitting service for all clients. The company is operated as an LLC and has had growing sales since its purchase in December of 2014. The company operates in a leased store front in Painesville Township on the border of Mentor, Ohio. It is located on the main thoroughfare of Route 20, 1935 Mentor Ave.

About the Business

Year Established:
1983
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
4,400
Lease Amount/Yr.:
$22,025.00
Lease Expiration:
12/31/2019
Facilities:
The leased space consists of 4400 sq. feet which holds 8 indoor tanning bed units, a separate area for performing hand airbrush spray tans, a specialized fitting room that will allow 5 persons to be fitted at once and retail space for merchandise approximately 2500 sq. feet.
Website:
www.caliimportstoo.com/
Market Outlook/
Competition:
Swimwear bought online and major department stores are usually a ‘bad fit’ leading to buyer dissatisfaction. California Imports Too specializes in the proper fit and most clients are so pleased that they keep their old suits for casual, private use while wearing California Imports Too suits for “public”, visible occasions. Marketing, branding and public image is geared to address the fit and function of the everyday Midwestern person. Our staff is trained to prevent this from occurring when possible.
Growth & Expansion:
The average median income of Lake and Geauga counties ties regularly with the top three in the state. The average median income of clients is above average and they have the income to spend on a high-quality piece. California Imports Too will continue to grow sales with increasing the men and children lines available along with footwear and possible active wear. These expanded lines alone will generate more sales and revenue for the company.
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About the Sale

Reason For Selling:
Personal time constraints
Training/Support:
California Imports Too is currently in one location with an in-house operating manager and multiple fit-specialist trained staff. The operating manager has over 15 years of high end retail experience and loves what she does at California Imports Too; she is a vital asset to ensure productivity, proper training and high sales volume.

Listing Info

ID:
1383916
Ad Detail Views:
961

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Business Listed by
Larry Lamphier

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U.S. Census Data for Lake County, OH
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Lake County, OH
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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