Profitable Retail Lifestyle Store in Busy Shopping Center

, California 5 views 0 favorites

Financial Highlights
Asking Price
$299,999
Revenue
$1,773,000
Business Description

This profitable business has served the community’s lifestyle needs since 1989 and has just completed its best year. For over 30 years a steady flow of dedicated and satisfied customers have frequented their doors. Gross sales for this past year exceeded $1,773,000, with a record holiday single day sales total exceeding $38,000. From 2015 - 2021 sales and profits increased steadily with only an interruption in 2020 due to Covid. The store continues to thrive and grow powered by great service and a knowledgeable staff (7+ employees). Located in a major hub of the Corte Madera Town Center, it’s known by customers to have a highly curated merchandise mix. Product categories includes baby, bath and body, decor, tabletop, jewelry, and fashion to name a few. The listed price includes all FF&E. The current lease runs through September of 2022 with an option to renew for five years with the landlords written approval. The owner is transitioning to retirement but is willing to train new buyers. A buyers guide is available at columbinehome.net. To have access to full financials email to request a non-disclosure agreement. Location: Corte Madera, California Year Established: 1989 Number of Employees: 7 Real Estate: Leased Building Sq. Ft.: 1,962 Rent: $13,440.00 Per Month Lease Expiration: 9/30/2027 Facilities: All fixtures are included in the price. A remodel was completed of the space in 2017 complete with an interior and exterior paint job, a rebranding of the logo, new awnings, new exterior signage, new sconces and statement mirror, and new gift wrap. Website: columbinehome.com Growth & Expansion: The 2019 launch of a successful in home design business as an added profit center has plenty of room for further expansion. An extensive and unique selection of jewelry could also be developed into its own e-commerce platform.

Business Details
Industry:
Building & Construction
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 21, 2022

Updated: 1 week ago

Views: 5

Favorites: 0