Business for Sale

Vintage Furniture & Fixtures Store, Celebrity Clients, Prime LA Area - $800k Inventory Included

BizEx1194-EM

Background

General Location:Los Angeles, CA
Category: Retail
Home Furniture & Furnishings
Years in Business:23
Under Present Owner:23
Hours of Operation:10:00 - 6:00 M-Sat
Owner Hours:Same
Training:2 weeks @ 30 hours
Organization Type:S-Corp
Lease Expiration:7 years
Lease Options:
Building Size:2,500
Employees:2
Reason for Sale:Other Opportunities

Financials

Asking Price:$450,000
Down Payment:Negotiable
Gross Sales:$500,000
Discretionary Cash Flow:$150,000
FF&E:$10,000
Inventory Included?Yes
Inventory:$800,000
Min. Operating Capital:$50,000
Real Estate Available?No
Rent:$10,600
Payroll:$3

Description

High End Antique Store - Excellent, Busy LA Location - Celebrity Clientele - Great Cash Business

Since 1995, this well-known and established antique store has been the go-to place in LA for vintage, classic and unique pieces. They cater not only to the areas high wealth clients but to numerous celebrities. The store has strong management, perfect for an owner who doesn't want to be fully immersed in the everyday operations of the business.

They have an extensive collection of antique furniture from the 18th through the 20th century which includes Art Nouveau, Art Deco, Mid Century, Spanish, Italian Renaissance, Mediterranean and more.They have one of, if not the largest selection of antique sconces and chandeliers in the USA and possibly the World.

Great Deal for a Buyer - the current inventory is very extensive, covering 2 stories and cost the owner over $800,000 - market value well over $2,000,000 and is included in the Listing Price.

Training Included - the founder and owner of the business will assist a buyer with training in relation to antiques and dealing with customers. 

Contact me for more information: Eric Mellem, M & A Advisor at (310) 293-6414 or emellem@bizex.net. Please complete the "Buyer Registration" including a Non-Disclosure Agreement on-line at www.bizex.net.

 

 


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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.

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Alex Estrin
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 158
Direct: (310) 882-2200 ext 158
Lic#: 01919847