Handbag/luggage outlet in prime S Beach location

Miami Beach, FL (Miami-Dade County)

retail handbag and luggage

Asking Price:$400,000

Cash Flow:$173,199

Gross Revenue:$385,171

EBITDA:N/A

FF&E:$16,100

Inventory:$9,000

Lease Rate/Sq. Ft.:$125/yr

Established:2003

Handbag/luggage outlet in prime S Beach location

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Business Description

Handbag and luggage outlet store on Lincoln Road, the premier shopping and entertainment destination on South Beach. Thousands of hotel rooms within walking distance. Tremendous value in below-market lease with 11 years remaining. Lease also permits sale of shoes, sunglasses or electronics. New owner can work with current suppliers or expand product line. Rare opportunity for individual entrepreneur to locate in red-hot market alongside the top names in international fashion.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
5/19/2027
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
625 square foot storefront with world famous address on South Beach. Very attractive lease with 11 yrs remaining and well below market !!
Competition:
Thousands of hotel rooms are within walking distance, and business is just steps from the Atlantic Ocean. There is tremendous foot traffic.
Growth & Expansion:
The City of Miami Beach continues to upgrade area amenities. Truly a one of a kind location. New owner can use existing suppliers or introduce new lines of merchandise.
Financing:
N/A
Support & Training:
Will train for 2 weeks at no cost.
Reason for Selling:
Other business interests

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Capital Business Solutions

Business Listed By:
Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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Indicates membership in The New York Association of Business Brokers (NYABB).

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