Listing Number: 95371-371541
Description
This business is not your typical Souvenir Shop. It is located on one of the most desired pieces of Real Estate in the State of California. This business has non-stop foot-traffic with tourists and visitors pouring in from around the globe almost all year round. Located in Avalon City on beautiful Catalina Island, this business has enjoyed phenomenal success for 38 years since the Owner's mother took over the business in 1986. Their inventory flies off the shelves thanks to the Island being an extremely popular Cruise Ship and Vacation destination. They sell unique items along with typical souvenir nick-nacks that their customers love and keep coming back for more.
They have longstanding employees that come to work with a smile on their face and welcome the customers with an energetic and warm smile. The Owners have created a great blueprint for success by not re-inventing the wheel and sticking with the business model that has made them very profitable over the years. The ideal location means there is no need for marketing. They focus their time on employee and customer satisfaction, reliability, and ensuring they have plenty of inventory for when the Cruise Ships roll in. It is not uncommon for the business to sell over $10,000 in inventory in a single day during the Summer! Owning this business has given the Owners the Island dream life they always wanted. Don't miss this opportunity to follow in their footsteps and start living on Island time!
Listing Details
- Price: DH 925,000
- Down Payment: DH740,000
- Sellers Discretionary Earnings: DH 423,054
- Total Sales: DH 1,455,213
- Location: Los Angeles County, California
- Inventory: DH 90,000
- FF&E: DH 10,000
- Employees: 6
- Year Established: 1986
- Reason for Selling: Retirement
- Category: Retail Miscellaneous
