Latino Retail 1 - Apparel, Gifts & Home Decor
www.GlobalBX.com
Listing ID:
70052607
Listing Title:
Latino Retail 1 - Apparel, Gifts & Home Decor
Quick Link:
http://www.globalbx.com/listing.asp?bId=52607
Industry:
Retail
Industry Segment:
Other Retail
Country:
United States
State / Province:
California
Area
Southern California - All Southern California
City:
Asking Price Range:
< $250K
Gross Revenues:
$165,000
Cash Flow:
$40,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2004
Number of Employees:
1 - 3
Business Description:
Located in an Inland Empire 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.
Store operating since Nov-Dec 2004, but in 2006 was delayed in opening to new location in mall until June. Opening was in 2 stores of 600 SF each until new store of 2200 SF was ready, resulting in uneven 2006. Owner's efforts also diverted to other ventures contributing to 2006 results. Owner missed a buying trip, but says sales can be increased with good buying and more 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.
« Close this window »