Balboa Island Boutique with tourist and high walk by traffic

Newport Beach, CA (Orange County)

Balboa Island Boutique with tourist and high walk by traffic
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Asking Price: $165,000

Cash Flow: $86,000

Gross Revenue: $370,000

EBITDA: $116,000

FF&E: $30,000

Inventory: $40,000

Rent: $7,700 /Month

Established: 2009

Balboa Island Boutique with tourist and high walk by traffic

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Business Description

Balboa Island boutique with potential to make into a combination food

Best location on Balboa Island, Busy with tourists all year with retail clothing and accessories selling upscale at wholesale merchandise to the public...it was once Wilma’s restaurant and can be returned to Food use per landlord.
Can sell the retail trade as is with a fully stocked store and will train in the field of retail for approx 6 weeks, or sell just the remainder of the lease of 5yrs and 9 months. Or you can apply for CUP to do a food/restaurant. Many options, Make me an offer that I can’t refuse.

Detailed Information

Location:
Newport Beach, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,650
Lease Expiration:
10/1/2025
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Has 3 dressing rooms, a 1 car garage is included in the lease, all utilities and cams included in the lease,a bathroom, lots of wood cabinetry builtins thru out including the cash wrap. All set up for handicap entry,
Competition:
There are a variety of shops, mostly overpriced and I by far have the best quality and pricing and unique merchandise.
Growth & Expansion:
There is room for growth and expanding, possibly adding food or drink to the concept.
Financing:
This rent includes all utilities, cams and taxes
Support & Training:
Will provide a min of 6 weeks, and will help whenever
Reason for Selling:
Retiring
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Business Listed By:
bobbi allen

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