Popular Old Town Temecula Specialty Gift Shop

Temecula, CA (Riverside County)

Store Front
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Asking Price: $149,000

Cash Flow: N/A

Gross Revenue: $170,000

EBITDA: N/A

FF&E: $10,000

Inventory: $50,000

Rent: $2,810 per Month

Established: 2007

Popular Old Town Temecula Specialty Gift Shop

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Business Description

The Little Viking is a very charming, interesting and fun Scandinavian focused gift shop with hundreds of unique items from the practical to the whimsical. The inventory includes a broad variety of imported household, decor, health/beauty, clothing, jewelry and gift items. The perfect shop to find something for everyone!

The store is located at the entrance to the very popular Old Town Temecula shopping and craft food district and 2 doors down from one of the busiest Starbucks in Temecula bringing tremendous exposure and foot traffic.

Located in a 3 story mixed use building with a very business friendly local landlord and a very favorable under market lease rate.

The sellers opened the first Little Viking in 1976 in the midwest. 13 years ago they relocated their shop to Seaport Village in San Diego and then in 2011 relocated again to Temecula Old Town where they have enjoyed great success. They have been operating this business for over 44 years and are ready to retire to be with family out of state.

The Little Viking has a very loyal local customer base and also appeals to tourists from around the world. There is great upside potential to increase the brick and mortar profits as well as expand the website and grow the online business with the current product mix or for the buyer to bring innovative new products and ideas for a different business concept to this outstanding retail location.

Attached Documents


Detailed Information

Location:
Temecula, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,700
Lease Expiration:
N/A
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Prime Old Temecula location at the entry to Old Town Temecula. Landlord is offering new lease with under market lease terms to the buyer.
Competition:
The Little Viking is a very unique European/Scandanavian gift shop with many items not seen in any other local stores.
Growth & Expansion:
This is a great location with high foot traffic and tremendous opportunity to grow sales by increasing inventory, changing product mix, increasing profit margins, expanding the website and building online sales.
Support & Training:
Seller willing to train new owner and provide vendor and industry contacts.
Reason for Selling:
Retiring out of state
Business Website:
http://thelittleviking.com
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Business Location


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Terri Delhamer

Business Listed By:
Terri Delhamer

GRE Land and Commercial Real Estate

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Ad#:1761594

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