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Encinitas

  • Listing No.: 106-15287

  • Category: Retail, Service

Asking Price $175,000
Down Payment $145,000
Gross Revenue $883,235
Total Adjusted Net Income $60,405
Equipment/Fixtures $6,046
Year Established 2011
General Location Encinitas
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This established home decor and art gallery has great street visibility and walk-by traffic. The business has a strong social media presence with 9,400+ total followers and likes. The interior of the store has a lively atmosphere displaying beautiful home decor and coastal inspired artwork. The business has had steady revenue trends for the past three years and 2019 sales have been up. In 2018 the business grossed just under $900k in sales despite the current owner being effectively absentee.  The current owner believes the business is best suited for an active owner operator who can give the business the love and attention it deserves. Unlike a standard home furnishing business, this company has a broad range of offerings that help create extraordinary living and business spaces custom designed to reflect the lifestyle and vision of its customers.  $110,000 of inventory is included in the asking price. After purchasing this business, the seller is willing to provide training to ensure a nearly seamless transition.

Gross Revenue $883,235 Listed Price $175,000
Total Income $60,405 Down Payment $145,000
Base Rent $0 Square Feet 2300
Total Rent $11,128 Lease Expiration 1/2020
Rent Deposit $0 Lease Options 1, 5 year option
Inventory $110,000 Leasehold Improvements $36,242
Equipment/ Fixtures $6,046 Other Assets
Full-Time Employees 2 Training Period 1 month
Part-Time Employees 5 Special License Required
Contract Staff 0 Reason for Selling Full Time Occupation

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.