Listing ID: 74852
This iconic boutique in the greater Palm Springs area. For over 11 years, they been the desert resource for colorful and innovative contemporary European sportswear and premium sunglasses for both men and women. . Premium sunglass brands include Gucci, Alexander McQueen, Saint Laurent, and more… This is a turn-key opportunity. Please call broker for more details on this property 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 000112620 -080521
- Asking Price: $995,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $150,000
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Will train for an agreed amount of time for a smooth transition.
The venture was started in 2009, making the business 13 years old.
The transaction doesn't include inventory valued at $150,000*, which ins't included in the suggested price.
The company has 3 employees and resides in a building with disclosed square footage of 1,200 sq ft.
The building is leased by the business for $4,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell companies. Nonetheless, the genuine factor and the one they say to you might be 2 entirely different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of other reasons. This is why it is extremely important that you not depend completely on a vendor's word, but instead, utilize the vendor's response together with your overall due diligence. This will paint a more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that revenue margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new customers? Often times, businesses have repeat consumers, which create the core of their daily profits. Particular variables such as brand-new competition growing up around the area, road construction, and personnel turnover can influence repeat clients and also adversely influence future profits. One vital point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the regional typical house earnings influence future revenue prospects?