1275 Prospect St
Coastal South La Jolla 92037

$425,000
Com-BusOp

Main Photo: Property for sale: 1275 Prospect St in La Jolla
Photo 1: Property for sale: 1275 Prospect St in La Jolla
Photo 2: Property for sale: 1275 Prospect St in La Jolla
Photo 3: Property for sale: 1275 Prospect St in La Jolla
Photo 4: Property for sale: 1275 Prospect St in La Jolla
Photo 5: Property for sale: 1275 Prospect St in La Jolla
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Photo 8: Property for sale: 1275 Prospect St in La Jolla
Status:
Active
Prop. Type:
Com-BusOp
MLS® Num:
230019137
Bus Major:
Retail Women's Clothing
Exciting Business Opportunity in Iconic, La Jolla Village! High-End Women's Boutique! Exceptional location on Prospect Street above La Jolla Cove and Sparkling Pacific Ocean. Wealthy local and international visitors provide valuable stream of business. Savvy 30-year owner is ready to retire and share wisdom of long-term profitable business model. Sale price includes inventory, equipment, vendor relationships, and most importantly, list of wealthy return clients. Business is operating at a high level and ready for new owner to step in and build upon current success. NNN lease extends through Nov 30, 2024. Cooperative long-term Landlord to approve sale and lease extension.
Rental Amount:
7476
Lease Deposit Amount:
2500.0
Total Floor Area:
845 sq. ft.
Lot Size Commercial:
.25 Acres or less
Lease type:
NNN
Business Name:
Robina Apparel
Major Business Type:
Retail Women's Clothing
How Long Established:
30
Price Includes:
Equipment, Inventory, Leases, Other/Remarks
Lease expires:
Nov 30, 2024
County:
San Diego
Market Area:
Coastal South
Parking:
Other/Remarks
Location:
Remarks
Flood Zone:
Hazard Unknown
Geological Hazard Zone:
Hazard Unknown
Gross profit:
400000
Total gross sales:
647000
Cost of sales:
254000.0
Total expenses:
175000.0
Actual gross sales:
654000
Motive / Want:
Retirement
Present Loan:
0
Existing Financing:
Clear
Financial Information Source:
Owner
La Jolla Parkway to Torrey Pines Rd to Prospect St.
Short Sale:
No
Heating:
Central Forced Air Elec
Terms:
Cash, Other/Remarks
Sales Restrictions:
Other/Remarks
Price Includes Inventory:
Yes
Number of Employees:
1
Full Time Employees:
0
Part Time Employees:
1
Owner Train Employees:
Yes
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Data was last updated December 4, 2023 at 09:10 PM (UTC)
Paul Ferrell
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego Multiple Listing Service, Inc.