Vacation Destination Souvenir Shop
Avalon, CA Los Angeles County
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- RE: Vacation Destination Souvenir Shop
- Contact: Greg Moses
Quick Facts
| Asking Price: | $925,000 | |
| Annual Revenue: | $1,455,213 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $423,054 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $10,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1986 | |
| Employees: | 6 | |
| BBN Listing #: | 952072 | |
| Broker Reference #: | 95371-371541 |
Business Overview:
Vacation Destination Souvenir Shop with Outstanding Profits
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!
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Property Features and Assets:
Monthly Rent: $9,950.00
Square Units (Foot, Meter): 2,593
Lease Expiration Date: December 31, 2029, 12:00:00 AM
Facilities:Storefront faces the main street across from the beach. There is a large storage and office area in the back of the store that contributes to the overall square footage of the business.
FF&E Overview: The business has shelves, racks, and display cases used in typical souvenir shops. Cash Register and T-Shirt graphic press also included.
FF&E General Condition: Good
Market Competition and Expansion:
Competition: Other souvenir shops located nearby but this one has stood the test of time with consistent profits providing an ideal lifestyle for the owners.
Expansion: Developing new product line for customers and an updated marketing campaign. Online sales could be an option as well.
Reason for Selling:
RetirementAdditional 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
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