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Antique Shop

  • Status: Sold
  • Price: $149,000

Houmehr 'Mike' Panoussi

License No:
DRE #01853627
Email:
mike@lbaweb.com
Office:
661-816-1141
Mobile:
661-816-1141
  • Listing No: 6417
  • Status: Sold
  • Area: Los Angeles County
  • Price: $149,000

Description

Looking for a unique business opportunity? Look no further! This Antique Shop is now for sale, offering you a chance to own a one-of-a-kind retail destination in the picturesque county of Los Angeles. This Shop is a well-established business with a loyal customer base and a reputation for quality products and exceptional customer service. The store features a wide selection of handmade crafts from local artisans, including jewelry, and more. It also offers an extensive range of Antiques and Flags of all kinds, wind toys, from colorful kites to wind chimes, making it a popular destination for outdoor enthusiasts and families alike. With its prime location on a major thoroughfare with high visibility and traffic flow with excellent potential for growth and expansion. The store is housed in a charming building with ample space for displays and inventory, and it also includes a spacious outdoor area that can be utilized for events, workshops, or additional product offerings. Potential to grow this Business by adding website sales, social media, and online sales and marketing. The business also has established relationships with local artisans, suppliers, and community organizations, providing a solid foundation for future success. This is a turnkey business opportunity, with all inventories, fixtures, and equipment owned by sellers included in the sale. The current owners are willing to provide training and support during the transition period to ensure your success. Don’t miss out on this chance to own a thriving retail business in a vibrant community!
6000 sqft Retail Space, Rent is $1900/Month, Landlord to provide a new lease upon approval. 28 Years + in Business, 39 Vendors rent spaces in the store, and Vendors Pay about $6000/month Rent. Open 7 Days per week 9 Am to 5 PM. Gross annual income including the Rental income from Vendors is about $190K per Year. Net income is about $90K per year. Utilities and Insurance are less than $1000/month. Licenses needed are Local Business license, Seller’s permit, and Second hand Dealer License. Central cashier that can be run by one person. Don’t let this opportunity pass you by! Contact us today to learn more about this antique shop and to schedule a private showing. Act fast and make your entrepreneurial dreams come true in the beautiful county of Los Angeles.

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Antique Shop
License(s) Required: Local Business, Seller’s Permit,Second Hand Dealer
Hours of Operation: 7 Days a week 9 AM to 5 PM
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6417
Date Available: 04/17/2023
Reason For Sale: retiring

Financial Information

Annual Total:
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
$1,900
Lease Expires:
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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