|
Latino Retail 1 - Apparel, Gifts & Home Decor
Location California,United States
Asking Price Range < $250K
Gross Revenues $165000
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2004
Number of Employees 1 - 3
Inventory 37000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Relocating.
Description Located in an Inland Empire Regional Mall, this Niche concept store attracting the fastest growing demographic population group. Owner has cultivated vendors for T-shirts with ethnic slogans (70% of sales) to be placed in store on consignment, saving investment in inventory. Attractively merchandised store contains Latin cultural gifts, apparel, furniture, music, DVD's, home decor, art work, books, Y Mas from Mexico, Salvador, Columbia, Cuba, Guatemala and Mexico.
Store operating since Nov-Dec 2004, but in 2006 was delayed in opening to new location in mall until June. Opening was in 2 stores of 600 SF each until new store of 2200 SF was ready, resulting in uneven 2006. Owner's efforts also diverted to other ventures contributing to 2006 results. Owner missed a buying trip, but says sales can be increased with good buying and more inventory available for sale.
Owner ready to pass his buying expertise on to new owner. Price includes $7,000 of inventory and approx $50,000 of T-Shirt consignment inventory. Store has 1 full time and 1 part-time employee. Owner has other ventures to pursue and is moving. Email or call Jeanette Bailey, Business Broker, CBI, at Sunbelt of Orange Coast at 714-619-9310 ext. 251 for more information on this Apparel, Gifts & Home Decor business for sale.
Click Here To Contact Seller
|
|
