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Abbot Kinney Home Furnishings, Accessories & Design Store

California, Venice
Asking Price $48,000.00
Gross Income $437,991.00
Cash Flow $437,991.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Furniture Store

  • FURNITURE RETAIL
Overview
This Abbot Kinney home furnishings, accessories and design store is ideally situated in one of the most coveted location s in Los Angeles for any form of retail or service operation, and is priced for immediate sale. This opportunity is ideal for the working owner who has a design line or concept, or better yet, seeks to offer interior design services themselves. Due to this store s unique position on Abbot Kinney and its versatile layout, the location could thrive in any number of different industries, or with concepts that are hybrids of home furnishings and other retail (apparel, confectionary, etc) or a wide variety of service concepts.
Business Details
Location and Facilities: This 1,070 square foot facility leases for $10,000 per month, and what will be a new 10 year lease with two 5 year options. The facility has a highly attractive and remarkably coveted front patio area that may be used for functional floor space, as well as 3 shared parking spaces in the rear that can accommodate 6 mid-sized tandem parked vehicles. The interior boasts a manager s office as well as a restroom. Approximately $30,000 in retail inventory will be sold at cost at the close of the sale.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: New operators should seek to be owner operators who work at the store full-time, and are able to offer interior design services. The owner suggests that such unique items as clothing, confectionary, or souvenir type gifts could do very well, they have opted to maintain the integrity of the current brand until transition occurs. Given the store unique location and layout, a new owner may seek to take this retailer in any number of directions and may actually find it more lucrative depart somewhat from the home furnishings market to best capitalize on At present, Abbot Kinney is as hot as it gets in Los Angeles. Competition: The store s fantastic layout and its unique location on the coveted street, this home furnishings store has a unique competitive advantage in its immediate area that will be difficult to match. As a testament to this, the store only recently had a record month in December 2012 with over $60,000 in revenues!

Reasons for Selling: Personal

Financing:

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