Established Highly Profitable Retail In Super Location

Upscale customers, terrific location, plus growing online sales

Listing ID: RET-BPW

$620,000

Cash Flow: 270000

Carmel By The Sea, California

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This is an unmatched opportunity to own an established brand retailer providing personal accessories and home/business implements as well as special limited editions and collectibles to an upscale clientele. Carmel-by-the-Sea is a world-class destination city, and the store is in a prime location on one of America’s best shopping streets. With phenomenal sales per foot performance, rent is reasonable with a great landlord.

The premises are unlike any other retail space in the area, consistently attracting public and media attention and walk-in traffic. It is a "must see" store when visiting this famous California seaside town. Designed by a leading architect, the store is a landmark and a masterpiece of fine woodworking. The build-out cost exceeded $250,000. Located in the “Golden Mile”, it is near to luxury retailers such as Tiffany, Coach, Bottega Venetta, Cole Hahn and others.

Bonus: Not only do you get a great store that’s been successful for 28 years, you also get a fast-growing e-commerce website that is easy to manage. With an established retail presence attracting thousands of local and visiting shoppers every year and an ever-growing number of US and worldwide online customers, this business is a one-of-a-kind opportunity to build a national and internationally renowned brand. Internet sales grew 58% in 2018 and are on track to grow substantially in 2019. The business has a 20,000-customer mailing list, 25,000 email addresses and 14,000 Instagram followers. A new owner can touch a whole new national and international market.

The store has an office/shipping facility in the basement directly underneath the store. The office and shipping areas are set up with computer workstations to support fulfillment of internet and phone orders as well as receiving and storing products.

The business is in one of the most beautiful and picturesque seaside towns in California. Not only will you acquire an amazing business, you’ll also be able to live in one the most beautiful spots in the United States and the world. Take a lunchtime walk to one of the best beaches anywhere! For international buyers this business can fulfill investment-based immigration requirements for a move to the US.

With its mild climate, consistent good weather, great restaurants, wonderful shopping, and many attractions, Carmel is a year around destination. Its reputation and charm guarantee a steady stream of visitors and customers.  Nearby are the Big Sur coast, Carmel Valley wineries, Pebble Beach with world famous golf courses, Monterey with the Monterey Aquarium and whale watching, and so much more. 4.6 million visitors a year frequent the Monterey Peninsula area. There are constant events (golf, fine cars, music festivals, races, food & wine) that keep visitors coming. Watch for celebrities in your store!

The sale of the business is confidential and additional information will only be provided to qualified buyers under non-disclosure. The products offered are both beautiful and unique, with no local competition and limited online competition. The owners take pride in what they have built, and you’ll be excited to learn more.

Inventory is in addition to the business purchase price. Typical inventory is estimated at $210,000 at cost.

After nearly 30 years the owners are ready to retire. This is your opportunity! Contact [email protected] or call 831-625-5581 today.