Profitable and Established Retail/E-tail Business Opportunity

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Asking Price:
$765,000

Gross Revenue:
$1,270,528
Cash Flow:
$295,262
EBITDA:
$1,263,801
Inventory:
$200,000
not included in asking price

FF&E:
$284,650
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Your opportunity to own an established brand with a fast-growing Internet based personal accessories & retail store location in Carmel-by-the-Sea, CA; a World Class Destination City. With a long retail presence attracting thousands of local and millions of visiting shoppers every year and an ever growing number of world wide online customers, this business is a one-of-a-kind opportunity to build an internationally renowned brand. Internet sales grew 85% in 2017 and are projected to grow 100% for 2018 and 200% in 2019. In business for 28 years with a 20,000 customer mailing list, 25,000 email addresses and a 12,000 Instagram following, an astute buyer can touch a whole new national & international market with a growing line of merchandise and continue to create a branded product line.
Products sold are functional accessories and home/business implements as well as special limited editions and collectibles for an upscale clientele. Online sales are the future and a buyer will have the advantage of an incomparable website for ecommerce marketing with a well established and trademarked brand and more at an entry level price. With long term, returning clients, the product line is almost infinitely expandable.

The business is located in one of the most beautiful and picturesque seaside towns in California.
Not only will you acquire an amazing business but able to live in one the most beautiful spots in the United States and the world. For international buyers this business will fulfill investment based green card requirements for a move to California and the US.
Immigration attorney referral available.

One of the industries leading and trendsetting websites is administered in house by a dedicated web employee. Shipping and fulfillment of web orders are done in house.

The store is located in the "Golden Mile" of one of the best shopping streets in the US.
It is within a block radius of Tiffany's, Coach, Bottega Venetta, Cole Hahn and many more luxury retailers. The store itself is a landmark and a masterpiece of fine wood working.
The cost of the build out exceeded $250,000.- The entire build out is part of the sales price.

The sale of the business includes an additional 7 year lease.
The store is in its current main street location for 20 years and additional lease terms with the building owner can be negotiated.
The store has a office/shipping facility in the basement directly underneath the store, that is
set up with 3 work stations and shipping/warehouse and storage facilities for easy access.

The segment of our business has seen a huge surge of interest over the last two years and it is forecast to continue over the years to come.
The store location is unlike any other retail space in the area, consistently attracting public and media attention and walk in traffic. It considers one of the "must visit" stores when visiting this famous California Seaside town.

About the Business

Location:
Carmel By The Sea, California
Year Established:
1991
Number of Employees:
3
Franchise:
Yes
Facilities:
The boutique has beautiful, custom built-out cabinetry made of stunning specialty woods that cost over $250K. Over 4 million visitors a year frequent the area.
The store has an alarm system and break resistant front windows for security.
Five brand new computers, fully integrated customer database, POS, inventory and shipping software. A brand new Internet based telephone system with music and messages on hold.
The basement is a 700 sq. ft. office that is used as the Web department, accounting, shipping/receiving and storage.
Market Outlook/
Competition:
Virtually all competitors are located on the East Coast, making this business a one-of-a-kind retailer and etailer on the West Coast. The business is on the forefront of internet marketing and has developed one the leading websites in its market. The business has a good social media strategy to promote and engage with customers.
Growth & Expansion:
- Because of its unique and valued location, continued development of high- profit lines to increase business profits.
- Development of branded product lines
- Expansion of the luxury product lines into watches and jewelry
- Added locations in Honolulu, San Francisco, Chicago, Houston
- Other markets which may be prime for expansion could be Los Angeles with areas like Hollywood, and Seattle with its young new wealth population. Chicago, Houston and Philadelphia are strong candidates.
- Continuing the creation of custom branded products
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About the Sale

Reason For Selling:
The sellers are ready to retire after almost 30 years in business
Training/Support:
Full 4 week training will be available for the buyer, as well as continued consulting as negotiated.
Other arrangement can be negotiated according to buyers wishes.
It is also possible to retain the sellers involvement to continue to develop product lines, or to stay a consulting partner in the business.
Seller Financing:
Business has SBA pre approval for $815000.- including inventory

Listing Info

ID:
1394507
Ad Detail Views:
960

Attached Files Attachment Disclaimer

  Non Disclosure Agreement (2 MB)
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Business Listed by
Cynthia Kay

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