Description

Retail Store-Lingerie, Adult Novelties and Smoking Accessories-Newport, Costa Mesa Area This well located store has been under present ownership for 8 years in a well kept strip shopping center on a busy street in the Newport Beach/Costa Mesa area. They retail lingerie, adult novelties and smoking supplies. Because of its unique product mix, the store enjoys an average 500% markup on items, according to the seller. The shop is 1000 square feet in size and rents for $2300 per month. The lease is good thru the end of 2013. The new owner can then move the store or negotiate with the present landlord for an extension. Included in the purchase price is $130,000 in inventory at wholesale cost. The owner utilizes many suppliers and is willing to train the new owner in the buying process as well as all operations of the store. At present, the store does not have an online presence, and obviously the addition of an effective internet site could do much to further stimulate business. Sales: $175,000 Seller’s Discretionary Cash Flow: $40,000 Inventory Included in Purchase Price: $130,000 Asking: $130,000 Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability. For more information call Steve Thomson, CBI, at Sunbelt of Orange Coast at 714-619-9310. Email: steve@sunbeltorange.com. Fax: 949-666-5823.

Posted Apr 10, 2013

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