Established Couture Consignment Boutique-Quarter Century+ in business!

Orange County, CA

Established Couture Consignment Boutique-Quarter Century+ in business!
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Asking Price: $90,000

Cash Flow: $0

Gross Revenue: $0

EBITDA: N/A

FF&E: $0

Inventory: $0

Rent: $2,531 per Month

Established: 1989

Established Couture Consignment Boutique-Quarter Century+ in business!

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Business Description

VERY
PROFITABLE
&
THRIVING
COUTURE CONSIGNMENT BOUTIQUE
IN THE FOREMOST TOURIST BEACH RESORT TOWN IN SOUTHERN CALIFORNIA
(specific location to be provided to qualified buyers on condition of discretion as this is an ongoing business)
SYNOPSIS
The thriving location boasts a premier position in the walking district adjacent to a very well-trafficked café (vegetarian) and bagel shop (both with outside seating). CONSIGNMENT MEANS YOUR COSTS OF INVENTORY are zero and you are exempt from seasonal heavy markdowns to at or below cost to clear inventory! Asking Price: $90,000 cash.

Take advantage of good long-term lease (lease expires April 2025 date of lease expiration below is approximate) terms with the very attractive and valuable inclusion of 2 dedicated and exclusive private parking spaces.

The high-end consignment boutique features European and American-made labels such as Coco Chanel, Louis Vuitton and Dior women's clothes purses, jewelry and HANDBAGS (a specialty of ours).

Benefit from a long track record of satisfied return customers (on the selling and buying side) including famous celebrities and international tourists.

Enjoy the goodwill of a business established in 1989! The current owner is the second owner operating under the original name and has operated the business for about 25 years.

The business is well established, maintained, and serves local and international clients. The town is a destination location for the beaches, its galleries and its Cote d’Azur-like charm and artistic shows.

Its location near 4 and 5-star hotels, the Ritz-Carlton, Marriott Dana Point, St. Regis and Montage to name a few, results in referrals of purchasers of high-end labeled goods. As well, business is obtained through social media. The business has a history of celebrity clientele.

The staff until very recently consisted of the current owner who works 20 hours per week and one part-time sales associate. Currently, only the owner is staffing the boutique.

Owner will train the purchaser for 2 weeks after sale and the part-time sales associate will assist in training for 6 weeks after the 2 weeks period for a total eight weeks.

Sale by owner. Cash sale. Due diligence/disclosures and all information within is to be provided by the seller on qualified inquiry.

GROSS SALES FIGURES (from tax documents filed with government):
2017 (business open 9 months) $91,619
2018 (business open 12 months) $100,244
2019 (business open 11 months) $218,654
2020 (business open 10 months) $119,605
REMEMBER THAT THESE GROSS FIGURES ARE NOT REDUCED BY COST OF GOODS IN ANY SUBSTANTIAL WAY, AS THIS IS A CONSIGNMENT STORE. OPERATING COSTS AND TINY DEPRECIATION EXPENSES ARE BELOW THESE LINES.

Reason for sale: Retirement Seller’s contact (not representing the Seller as an agent): ph. 949 3787501

Detailed Information

Location:
Orange County, CA
Real Estate:
Leased
Building SF:
520
Lease Expiration:
4/15/2025
Employees:
0
Competition:
(see above summary)
Financing:
Lease expires in approx. 5 years see owner for details
Support & Training:
(see above summary)
Reason for Selling:
Retirement
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Business Listed By:
Beate Uhse

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