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Latino Retail 3 - Apparel, Gifts & Home Decor
Location: United States -> California -> Northern California - All Northern California
Industry: Retail > Other Retail




Business Summary

Located in a South Bay 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.

New location within mall for 2006 increased SF and reduced rent. Close to anchor. Lease is renewable. Seasoned store operating since 2002. Owner's efforts diverted to other ventures for 2006, resulting in some reduction in sales. Owner's missed a buying trip and says sales can be increased with good buying and increasing 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.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $250,000
Cash Flow:   $86,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $37,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2002
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train.
Reason For Selling:  Relocating.




Print Listing Id: 70052603


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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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