Designer Womens Boutique

For Sale

100 Civic Center Dr., Newport Beach, CA 92657

This Newport Beach property for sale is located at 100 Civic Center Dr.. The current listed sale price for Designer Womens Boutique is $2,300,000.

Contacts

broker

Steve Liu

NAI Capital

Property Details

  • Property Type Retail
  • Property Size 1,959 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 5, 2024
Prestigious shopping center in Newport Beach.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

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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

Attachments

Getting around

  • 72/100

    Walk Score ®

  • 41/100

    Transit Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Newport Beach, CA
  • Neighborhood Newport Center
  • Zip Code 92657
  • Market Orange County

Points of Interest

  • Tustin Metrolink Station

    7.80 miles

  • Tustin

    7.81 miles

  • Irvine

    8.64 miles

  • 76

    0.35 miles

  • ChargePoint

    0.57 miles

  • Chevron

    1.11 miles

  • Shell

    1.15 miles

  • EV Chargepoint

    2.26 miles

  • Exxon

    3.39 miles

  • Irvine - Michelson Drive Supercharger

    4.68 miles

  • eVgo

    4.80 miles

  • Irvine - Main Street Supercharger

    5.33 miles

  • Tesla Supercharger

    6.09 miles

  • Newport Beach Park and Ride

    0.41 miles

  • Lot 70

    2.46 miles

  • Health Sciences Parking Structure

    2.52 miles

  • Lot 84

    2.69 miles

  • Los Trancos Parking;Crystal Cove Parking Shuttle

    2.78 miles

  • Lot 16B

    2.79 miles

  • Lot 13

    2.86 miles

  • University Park And Ride

    2.88 miles

  • Check In Parking

    2.91 miles

  • ADA parking

    2.95 miles

  • Tommy Bahama

    0.32 miles

  • Ruby's Diner

    0.36 miles

  • True Food Kitchen

    0.38 miles

  • Rothschild's

    0.39 miles

  • Fleming's

    0.39 miles

  • The Bungalow

    0.40 miles

  • Hopdoddy Burger Bar

    0.41 miles

  • Oysters

    0.42 miles

  • Sushi Roku

    0.43 miles

  • Bamboo Bistro

    0.43 miles

  • Bristol Farms

    0.23 miles

  • Macy's

    0.38 miles

  • Neighborhood Goods

    0.45 miles

  • Whole Foods Market

    0.49 miles

  • Fashion Island

    0.50 miles

  • Gelson's

    0.54 miles

  • Nordstrom

    0.54 miles

  • Bloomingdale's

    0.58 miles

  • Neiman Marcus

    0.60 miles

  • Mothers Market

    0.81 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Steve Liu

NAI Capital