Established furniture, art, and antiques resale business operating in prime Scottsdale location since 2020. This turnkey opportunity features a beautiful 4,790 SF corner suite in a high-traffic plaza with 28,600 vehicles daily, positioned next to major grocery anchor and complemented by Walgreens, restaurants, and specialty shops.
BUSINESS HIGHLIGHTS:
• Strong financial performance with $351,913 in 2024 revenue and $162,019 cash flow
• Includes $200,000 retail-valued inventory in asking price
• Below-market lease at $12/SF (50% below Scottsdale average of $23.54/SF)
• Lease is NNN the current price with CAM charges is: $6,583.64
• Landlord offering new 5-year lease to qualified buyer
• Established online presence with first-page Google ranking and 15K social media followers
• Currently operates only 20 hours weekly - significant expansion potential
LOCATION ADVANTAGES:
Prime corner suite with excellent visibility, abundant windows, and superior signage opportunities. The plaza benefits from diverse tenant mix creating consistent foot traffic, with Hospice White Dove Thrift Shop serving as complementary rather than competitive business.
GROWTH POTENTIAL:
Substantial opportunity to increase revenue by expanding operating hours from current 20 hours to standard 40-60 hours weekly. Alternative conversion possibilities include jewelry store or vendor booth concept. Revenue has grown from $173K to $352K over past four years despite limited hours.
FINANCIALS:
Cash sales of $183,913 demonstrate strong customer demand. Current staffing of 2 employees provides operational foundation. Additional 2,160 SF storage suite may be available for negotiation with landlord.
INCLUDED ASSETS:
• Complete fixtures and equipment ($15,000 value)
• Established website and social media platforms
• Up to $200,000 inventory at retail value
• Additional inventory available at discount
• 30+ days owner training and support
Nonprofit accounting is different. Gross revenue includes $88,000 (donated) inventory as revenue (income) and includes $80,000 income for product received from another nonprofit. Cash sales were $183,913 - $55,000 of salaries paid to staff (owner). ALSO there is $24,000 as an expense for additional storage which will be removed.
This represents an exceptional opportunity to acquire an established business in Scottsdale's desirable retail market with proven revenue streams, below-market rent, and substantial growth potential through expanded operations.
Ad#:2301058
