Listing ID: 74832
Music Box & Clock Shoppe is the perfect store to visit for your personal and gift shopping. This store is celebrating over 28 seasons and over that time they feel they have touched many people’s lives in different ways. Their customers are like family. This is a unique and must see store. The store is filled with Music Boxes, Jewelry, Clocks and other gifts. It shines with beautiful Swarovski Crystal, Lladro Porcelain, Lalique Crystal, Armani Sculptures, Howard Miller Clocks, Murano Italian Glass and other artist gifts. They are famous for their unique and entertaining animated clocks by Rhythm and Seiko. This store is in a great location in the Historic La Plaza shopping district downtown Palm Springs. Price is Plus Inventory. Please call broker for more details and to arrange a showing.
This information, while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 00050520
- Asking Price: $119,000
- Cash Flow: $81,000
- Gross Revenue: $429,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $180,000
- Inventory Included: Yes
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,350
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Will train for an agreed amount of time or a smooth transition.
Other business interest
The business was founded in 1990, making the business 32 years old.
The transaction does include inventory valued at $180,000, which is included in the asking price.
The business has 2 employees and is situated in a building with estimated square footage of 1,350 sq ft.
The building is leased by the company for $4,700 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nevertheless, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in incomes, or an array of various other factors. This is why it is very vital that you not depend entirely on a vendor's word, but instead, use the vendor's solution together with your overall due diligence. This will repaint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new consumers? Often times, companies have repeat customers, which form the core of their everyday profits. Certain aspects such as brand-new competitors sprouting up around the location, road building, as well as employee turnover can influence repeat clients as well as adversely affect future earnings. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the possibility to develop a returning customer base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood average home earnings impact future earnings prospects?