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Los Angeles County

  • Listing Number: 130-21996

    Category: Retail

Asking Price $826,000
Gross Revenue $1,323,994
Total Adjusted Net Income $403,061
Equipment / Fixtures $125,000
Year Established 1976
General Location Los Angeles County
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This is a 100% RARE opportunity to acquire a legacy business selling one-of-a-kind, pre-owned watches! This profitable business has many repeat customer, is completely turn-key and has an excellent reputation. The Business is fully staffed with experienced and knowledgeable employees. The Seller states the Business also utilizes several trusted watch dealers who attend Asian & European watch shows and purchase for the Business. The Seller states the Business can EASILY be Semi-Absentee Owner operated. Included in the sale is approximately $300K in inventory and $132K in FF&E, including the highest-level security safes. This Business has lots of upside, is primed for growth and is the perfect opportunity for a business savvy entrepreneur to take it to the next level.

Call 818-935-1241 or email inquiries to: deanna.dube@fcbb.com

 

Gross Revenue
$1,323,994
Listed Price
$826,000
Total Income
$403,061
Base Rent
$5,450
Square Feet
481
Total Rent
$5,450
Lease Expiration
05/2026
Rent Deposit
$5,000
Lease Options
2 and 5
Inventory
$317,500
Equipment / Fixtures
$125,000
Other Assets
$100.00
Full-Time Employees
3
Training Period
5 weeks
Special License Required
Second Hand Dealers License (DOJ)
Reason for Selling
Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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