BizEx35-ML: Women's Shoes and Accessories-Beach City-Stable Revenue

Background:

General Location:Los Angeles, CA
Category:Retail > Apparel & Accessory Stores
Years in Business:6
Under Present Owner:6
Hours of Operation:Monday-Sunday 10-8 (varies with season)
Owner Hours:Call
Training: 4 weeks, 30 hours/week
Organization Type:Sole Proprietor
Lease Expiration:Lease with options
Lease Options:5yr
Building Size:2250 sqft
Employees:5 PT

Reason for Sale:
Owner has another business, and can only spend minimal amount of time on this business

Financials

Asking Price:$199,000
Down Payment:Negotiable
Gross Sales:$407,794
Discretionary Cash Flow:$122,693
FF&E:$ 10,000
Inventory Included?Yes
Inventory:$ 20,000
Minimum Operating Capital:$ 0
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:Call
Payroll:Call
Financing:Call

200720082009
Gross Sales396,221407,794394,052
Gross ProfitNone...None...None...
Disc. EarningsNone...None...None...

* YTD as of None..., ** = Prorated.

Broker Info


Miles M. Logothetis
Business Broker
(310) 882-2200 ext 105
LIC# 01406738

Summary

Business for Sale is a highly profitable Women's Shoes and Accessories Retail business with a strong 2009 sales year, high inventory turnover (on average inventory turns every 3-4 weeks), and is located in the heart of a vibrant Los Angeles beach community. This successful business has a unique business model which allows it to perform well in both good markets and in recessionary ones as evidenced by its 2008 and 2009 sales performance. Sales were higher in 2008 than in 2007, and year-to-date sales for 2009 are comparable to 2008. The business sells primarily shoes and clothing accessories that retail at a price below $30, which appeals to women who can't stop shopping for stylish apparel even in tough economic times. This is a rare opportunity for someone looking for a strong and profitable retail business geared toward women. The ideal buyer for this business should be fashion conscious and have a passion for shoes and accessories. The business is situated in a retail and tourist destination. For more detailed information and specifics related to this exciting business opportunity, please register as a buyer at bizex.net and call Miles Logothethis at 310-882-2200 ext.105.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.