Stunning and well reputable resale boutique LA

Los Angeles County, CA

store front
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Asking Price: $135,000

Cash Flow: $75,000

Gross Revenue: $90,000

EBITDA: $40,000

FF&E: $30,000

Inventory: $75,000

Rent: $1,917 /Month

Established: 2009

Stunning and well reputable resale boutique LA

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Business Description

Unique opportunity for the right buyer

"Cherry pick vintage" is a well known hip boutique in popular LOS FELIZ, Los Angeles. It is more than just a store, it is a concept (the name serves as a template of what to expect)it can be franchised and multiple locations can really amp the sales and possibilities. It is a great place to meet and be in proximity of a variety of artists and industry people. I have met and made many connections here in the past decade running the store. It serves as a tool to learn business management and skills with the lowest overhead while you do this.
A great lease worth a lot of money it is the last of its kind in one of the most expensive neighborhood's in Los Angeles (hence been here for that long).
Store is aesthetically gorgeous and gets compliments daily.
It comes with all fixtures and collection of 75k of merchandise which can be put online.
Included is the dot com (www.cherrypickvintage.com) and the name "cherry pick vintage" has been trade marked legally.
Has a solid 5 star rating by over 600 people world wide out of 1000 sales on etsy.com for easier sales and buyer confidence.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
600
Lease Expiration:
11/8/2023
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Store fixtures, mannequins, merchandise and grand vintage piano and art are all included. Built a loft in the back (has a kitchenette and bathroom) also has an upstairs lounge area to work and or play music or what not as you desire.
Competition:
resale.
Growth & Expansion:
Store has only survived on old school word of mouth. I have other careers that have been pursuing otherwise it's a goldmine waiting for the right person to get it off the ground. If you do markets, advertise, open other locations or do longer hours it would do amazing.
Support & Training:
Easy store to run willing to personally train and have an employee here for 6 years whom can stay and train and assist if necessary.
Reason for Selling:
Been here for ten years and need a change and also pursuing music full-time now
Franchise:
This business is an established franchise
Business Website:
http://cherrypickvintage.com
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Business Listed By:
Nina Kaze

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