This thriving Class A retail business, "As Time Goes By," is available for purchase. Located in a 1,634 square foot suite at 78134 Calle Tampico, La Quinta, CA 92253, this well-established watch and jewelry repair store has been operating successfully since 2006. The business boasts a strong reputation for quality service, offering a diverse range of services including full-service repairs for high-end brands like Omega, Rolex, Patek Philippe, and Tag Heuer, as well as vintage and pocket watches, antique clocks, and jewelry sales. A significant inventory of tools, repair parts, and store fixtures is included in the sale. The current owner is willing to provide training to ensure a smooth transition for the buyer. A substantial backlog of customer service requests provides immediate revenue potential. The current lease, in a 1,634 sq ft space, expires September 30, 2025, with a three-year extension option. This presents a unique opportunity to acquire a profitable, well-regarded business in a desirable location. The asking price for this turnkey operation is $300,000. This is a high-demand business with a proven track record of success.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,858,286
6.5%
$4,484,572
7%
$4,164,245
Comparable approach
Method
Valuation
Relative Method
$5,315,828
Geo Method
$10,665,747
Alternative Use
Use
Valuation
Residential
$3,782,904
Hospitality
$3,465,120
Educational
$2,882,939
Medical
$2,982,088
Retail
$4,484,572
Location Insight
City
La Quinta
County
Riverside
State
California
Latitude
33.6793
Longitude
-116.301
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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