Latino Retail 3 - Apparel, Gifts & Home Decor
www.GlobalBX.com
Listing ID:
70052603
Listing Title:
Latino Retail 3 - Apparel, Gifts & Home Decor
Quick Link:
http://www.globalbx.com/listing.asp?bId=52603
Industry:
Retail
Industry Segment:
Other Retail
Country:
United States
State / Province:
California
Area
Northern California - All Northern California
City:
Asking Price Range:
< $250K
Gross Revenues:
$250,000
Cash Flow:
$86,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2002
Number of Employees:
1 - 3
Business Description:
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.
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