Exquisite Garden Boutique – Great Reputation w/Property Available
Exquisite Garden Boutique – Great Reputation w/Property Available
Los Angeles, CA
$495,000
Gross Revenue
$1,652,158
Potential Cash Flow
$206,068
This exquisite garden store boutique is located in a hip eastside Los Angeles’
neighborhood that boasts an ideal like-minded, high discretionary cash flow customer
base. The indoor-outdoor boutique with stellar freeway access to everywhere from
Downtown to Pasadena and the San Fernando Valley, offers its loyal patrons
everything from planters to potted designs, decorations, outdoor furniture, fountains,
fire pits, tools, accessories and more. From a service standpoint they host workshops,
offer plantscaping design, embrace collaborative cocreation and even decorative
rentals! In short, they provide clients everything that they’ve wanted and that keeps
them coming back for more!
The property is available for sale for $1.3 million, however it will only be sold in
conjunction with a business sale. A business only sale may be considered.
18000
Accounts Receivable Included in Asking
No
Facilities
The 2,278 square foot indoor space, nearly 5,000 parcel space (nearly all of which may be used for retail), is currently leased by the owner-operators for $6,500 per month. Should a byer not have an interest in the property, a new 5 year lease with a 5 year option will be provided.
Competition
While competition exists in the greater area, this garden store has been a neighbor staple for over 70 years. As such, it’s an incumbent location in this service and product segment with a reputation that competition will find it difficult to match.
Growth & Expansion
New operators will likely want to continue in the tradition that has made this business such a perennial customer favorite. With that said, there is never a shortage of new trends, plants or complementary products and services that can be provided the existing capture client base. The business may be viewed a reliable earner that can also be a blank canvas for new management to demonstrate their own creativity in capture, or better yet, creating new market trends!
Support & Training
The seller will train for 2 weeks at 25 hours per week.
Reason for Selling
Personal
Real Estate
The property is available for sale for $1.3 million, however it will only be sold in conjunction with a business sale. A business only sale may be considered.
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