Two Businesses: Growing Apparel and Sea Creature Souvenir Stores

Asking Price$789,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$85,000
Not included in asking price
FF&ENot Disclosed

View from the business's plazaSave

Two Businesses: Growing Apparel and Sea Creature Souvenir Stores


Asking Price$789,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$85,000
Not included in asking price
FF&ENot Disclosed

Business Description
Imagine owning two thriving retail stores right on the iconic Cannery Row in Monterey, California. You'll be serving over six million visitors annually who come to this world-famous destination seeking unique apparel, memorable souvenirs, and adorable sea creature toys.

Here's what makes this opportunity special: You're getting two established businesses for the price of one. The first store has built a loyal customer base over years of consistent operation, offering trendy apparel and quality souvenirs that tourists love to take home. The second store is in its exciting first year and already showing impressive growth projections.

You'll love the natural cross-selling opportunities between both locations. When customers visit one store, they often discover the other, boosting your overall sales potential. The foot traffic is incredible year-round, thanks to Monterey's status as a premier tourist destination.

What's really exciting is the untapped potential you'll inherit. E-commerce hasn't been developed yet, giving you a fantastic opportunity to expand online and reach customers beyond the physical location. The current revenues and earnings will genuinely surprise you in the best way possible.

This isn't just about buying a business - you're stepping into a lifestyle where you'll interact with visitors from around the world, sharing in their vacation excitement while building a profitable enterprise. The location alone is worth its weight in gold, and with two complementary businesses, you're diversifying your income streams from day one.

Don't let this rare Cannery Row opportunity slip away. Properties like this rarely become available in such a prime tourist location.

Due to this being a very busy season, serious buyer inquiries are preferred.
About the Business
Years in Operation
3
Employees
3 (2 Full-time, 1 Part-time)
Seasonal Part-Time employees in the summer
Facilities & Assets
Store FF&E used to merchandise products to remain.
Market Outlook / Competition
Six million visitors a year stroll the sidewalks and waterfront of Monterey, CA. Being a top tourist destination, many diverse businesses operate along Cannery Row and in proximity of the world famous Monterey Bay aquarium. Competition exist for some of the store's products; however, it also has a few exclusive and proprietary product products; however, the store sells some exclusive and proprietary apparel land accessory lines.
Opportunities for Growth
Ecommerce. The store does not have a website dedicated to its products. Many customers have expressed their desire to products online. Many say "I wish I'd bought that when I visited a cool store in Monterey" Available spaces along Cannery Row are rare and lease for a premium when they do become available. This business's satellite store would benefit of being adjacent to the main store.
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Seller is retiring
Transition Support
Seller will provide support after close of escrow for up to two weeks at 14 hours per week
Listing Info
ID
2450167
Listing Views
Attached DocumentsAttachment Disclaimer

Monterey Visitor Statistics 2024.pdf


Contact Seller

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Business Listed by: Robert Rigolfi California Business Realty

Listing ID: 2450167 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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