Great location in the heart of downtown LA. Established 15 years, 3 years in current location. This ‘5 star” rated adult entertainment store is nicely designed with an open floor plan, and $100,000 built out cost. The building size is 3,000 SF, rent is $5,300/MO, gross annual sales are $353,270, and the net income is $64,206 as per seller statement. This venue is one of the largest adult retail stores providing all the necessities as well as luxuries an adult store should have. Items include bondage, wide toy selection of all shapes and types, all are neatly organized in 38 glass display wall cases and 11 display cases in the middle of the shop with locks and energy-efficient LED lighting, and comes with a computer, POS system, security system with 15 surveillance cameras and an alarm system. The store maintains a 100% discreet shipping and billing with respect to the confidentiality and privacy of customers. This business has a high profit margin and run by the owner himself. It opens 6 days Monday-Saturday 10:30 am- 6:00 pm. This establishment has a great potential to grow. New buyer can open more days and longer hours, advertise, get active on social media etc. All equipment, furniture, fixtures and an approximately $30,000 worth of inventory are included in the sale Seller is ready to retire and encourages buyer to stay in the shop for one month observation period to appreciate this business, and even after close of escrow he is willing to stay with him for one month to secure a smooth ownership transfer.
Listing agent does not guarantee the accuracy of the income, expenses information or other information concerning the business provided by the seller, or obtained from public records, or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.