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Trendy Los Feliz Area Retail Gift Shop in Highly Coveted Location

California, Los Angeles
Asking Price $85,000.00
Gross Income $589,277.00
Cash Flow $589,277.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Gift Shop

  • Retail Specialties
Overview
This quaint retail store is arguably in the East Side s best location for a trendy retail gift shop. The shop, which has been a neighborhood favorite for over 10 years, is priced for an immediate sale and will not last long. The sale includes all of the shop s highly unique furniture, fixtures, equipment, top notch point of sale system, and $100,000 in inventory that is store owned (to be purchased in addition to sales price). The business is ideally located in a quaint shopping area that manages to pull customers from Hollywood, Los Feliz, Silverlake, Echo Park, Glendale, Downtown Los Angeles, and beyond.
Business Details
Location and Facilities: This 1,000 square foot store rents for an amazing $3,400 per month on a new three year lease with options to be negotiated in the sale. The facility boasts a small office, restroom and large storage area. The sale also includes a loyal customer following, website, social media accounts, vendor contacts, and beautiful retail furniture, fixtures, shelving and equipment!

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: Since the retail portion of the business is well established and thriving, new owners may seek to focus on the online portion of the business. In its early stages, the businesses website is well done and easy to navigate, yet has room for additional online offerings as well as an event registry. With its strong local following, the store is ripe to add special events (parties) as well as private labeling of some of its most popular items. Given the location and stellar lease rate, some buyers may even seek to acquire the business simply for the lease ri Los Feliz, and its neighboring communities, boasts several highly eclectic retail shops. Competition: As a result, competition does exist but no competitor can match this store s location, street frontage, high volume of walk traffic, etc. This shops unique attributes provide it a sustainable long-term competitive advantage and have made it the go to shop for almost any occasion.

Reasons for Selling: Personal

Financing:

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