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Studio City

  • Listing No.: 130-00169

  • Category: Retail

Asking Price $89,000
Down Payment $0
Gross Revenue $323,077
Total Adjusted Net Income $46,588
Equipment/Fixtures $10,000
Year Established 1999
General Location Studio City
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This Card & Gift Store has been in business for almost 20 years and is beloved by its regular customers. It is positioned on a very high traffic corner and is well maintained and cared for. Its commitment to its clientele is immediately apparent in the way they connect with each customer and the work they do to make sure that have what they need when they need it. In addition to the highly trafficked corner it occupies, the Studio City community is diverse and affluent. Customers come in time and again because they know the selection is good and the advice even better as they purchase for friends and loved ones. (And stopping in is easy with abundant parking available!) The owner is absentee and stops in only occasionally and the few employees on staff have a real love for the job and are happy to stay on for new ownership. Inventory is not included in the asking price and must be purchased separately by Buyer. On average, the Business carries approximately $100K in inventory. This is a great opportunity to build upon a long-standing business, add your touch and watch it grow! So, if you are energetic, love people, and enjoy helping others express themselves and impact the lives of others then this opportunity is right for you!

Gross Revenue $323,077 Listed Price $89,000
Total Income $46,588 Down Payment $0
Base Rent $6,401 Square Feet 1708
Total Rent $8,127 Lease Expiration 7/2020
Rent Deposit $7,379 Lease Options
Inventory Not Included Leasehold Improvements $25,000
Equipment/ Fixtures $10,000 Other Assets
Full-Time Employees 0 Training Period 2 Weeks
Part-Time Employees 0 Special License Required None
Contract Staff 3 Reason for Selling Looking to retire and health issues

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.