Designer Womens Boutique

100 Civic Center Dr. Newport Beach, CA 92657

100 Civic Center Dr., Newport Beach, CA, 92657
100 Civic Center Dr., Newport Beach, CA, 92657 100 Civic Center Dr., Newport Beach, CA, 92657 100 Civic Center Dr., Newport Beach, CA, 92657 100 Civic Center Dr., Newport Beach, CA, 92657
FOR SALE
Property Type:
Neighborhood Center
Amount:
$2,300,000
Last Verified:
Nov 05, 2024

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Highlights

  • Priced at $2,300,000 Including Inventory
  • Cash Flow: $1,030,000
  • 20+ Years in Business. Lease Ends 2030. Can request additional extensions.
  • Owner Will Help with Smooth Transition
  • Located in One of the Most Exclusive Shopping Centers in Southern California

Description

This is a unique opportunity to take over a successful Women’s Boutique in the iconic city of Newport Beach, California. It has been in business for over 20+ years. The owner has truly created an upscale, elegant business & will help ensure a smooth transition to a new owner. Owner is ready to retire. Asking price includes inventory.

This boutique has exclusivity with the some of the best designers and distributors from overseas, who offer a unique & limited selection of Women’s evening gowns, casual wear, shoes, accessories, jewelry, & handbags. Longtime/repeat customers include high-income locals & occasionally, celebrities. Clients shop in store or often will request personal delivery to their homes for their custom altered gowns and other expensive items. Other frequent clientele includes out-of-state & international residents who will request items shipped or will fly into town. It is not un-common for a client to make a purchase in the $10,000 to $20,000 range at once. The business utilizes social media & other marketing platforms to stay connected with clients and showcase new inventory.

The 1,900+ square foot storefront is in the most upscale & expensive shopping center in all of Southern California. The storefront has been in the same location for 20+ years. Within 1+ mile of the center, the average household income is $250k+ & the average home value exceeds $3MM. It is a business owners dream to operate in this coastal center. There is a beautiful, synergistic mix of restaurants, shops, & grocery store, drawing copious amounts of traffic. The lease ends in 2030, and additional lease extensions can be requested from the landlord.

The employed stylists are long withstanding, knowledgeable, & loyal. They ensure the atmosphere welcoming & inviting for everyone. They are committed to their clients & to providing the white glove luxury women’s shopping experience. Every client or potential client is treated with care, respect, & class.

Priced at $2,300,000 including inventory.

This business has no debt on the balance sheet & the past three years sales and profit are as follows:

Sales 2023: $4,283,418.68
profit 2023: $2,475,840.86
~
Sales 2022: $ 4,811,678.90
Profit 2022: $ 2,804,572.86
~
Sales 2021: $4,003,520.00
Profit 2021: $2,568,161.00

Prestigious shopping center in Newport Beach.

Building Size: 1959sq ft
Lot Size: 0 acres


Documents

For Sale - Womens Designer Boutique - Newport Beach, CA

Map of 100 Civic Center Dr., Newport Beach, CA, 92657

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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