LA Retail Antiques, WOW - $2.5mm Inventory Included

Home / Listing / LA Retail Antiques, WOW - $2.5mm Inventory Included

Background

BizEx ID:BizEx1194-EM
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:$375,000
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

Well-Known LA Antique Store - Busy LA Location on a Busy Street

Excellent Deal -  buy for $375,000 and get an estimated $2,500,000 in Inventory (retail value). 

Since 1995, this well-known and established antique store has been the go-to place in Los Angeles for vintage, classic and unique pieces. They cater not only to the area's high wealth clients, but to numerous celebrities. Excellent cash receipts.

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 are know for having one of the largest selection of antique sconces and chandeliers in the area.

A buyer could take over the business or just purchase the inventory.

Training Included - the founder and owner of the business will assist a buyer with reasonable post-close training. 

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




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

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations