NOT DISCLOSED, California
| Asking Price |
$600,000 |
Year Established |
1948 |
|
| Annual Revenue |
$148,722 |
Reason for Selling |
Seller retiring |
|
| Annual P/L |
$0 |
Attention |
Business Team |
|
| Annual Cash Flow |
$0 |
Listing Number |
1004284 |
|
| # of Employees |
|
Business Category |
Wholesale/Distribution: Durable Goods |
|
Business Overview:
This is a storefront lease transfer with sale of inventory and FF&E. Established in 1948, Seller has a strong industry reputation and long-standing relationships with loyal customers and vendors, once serving professional and hobbyist watchmakers across the U.S., Canada, Mexico, the U.K.As the owner prepares to retire, the business is currently operated at a minimal level with no employees, resulting in reduced order volume. This creates an opportunity for a buyer with watch repair experience to revitalize operations and drive growth, particularly through e-commerce while maintaining the existing storefront. As an asset/inventory sale, historical financials may be provided only for reference LA11803
Inventory $1,000,000 included in the purchase price
Property Features and Assets:
<p>The current Lease will expire on June 30, 2026, a new lease is available, Rent $5713. Square Feet 2600</p><p><br></p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity