High End Men's Retail Apparel Business
Pennsylvania
| Asking Price: | $575,000 |
| Gross Revenue: | $1,000,000 |
| Rent: | $3,900/Month |
| Cash Flow: | $115,000 |
| Inventory: | $125,000 |
| Established Year: | 1964 |
Listing ID: 2288688Listing provided by BizBuySell
BUSINESS DESCRIPTION
Sixty Years In Business
Very well established and profitable high-end men's retail apparel store featuring name brand dress and casual clothing & accessories as well as a very robust custom clothing clientele and tuxedo rental business.
The business has a long standing and stellar reputation in the marketplace as evidenced by its many decades in business and serving the clothing needs of multiple generations of customers.
DETAILED INFORMATION
Location
Pennsylvania
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,600
Lease Expiration
31/12/2029
Employees
4
Facilities
All FF&E (except some personal items Owner may want to retain)including commercial grade sewing machine, blind stitch machine and press machine are included in the sale price. Business is located in a retail shopping center (same location for 60 years) and leased space includes a full basement for storage of inventory, onsite tailor shop and office & break room.
Competition
Business is well entrenched in the community with limited competition.
Growth & Expansion
New owner can grow business by automating (i.e. point of sale and inventory management software), implementing ecommerce on company website, more targeted marketing and active social media presence.
Support & Training
After the sale of the business and in an effort to assist the new owner with all aspects of operating the business, the current owner is interested in working part time for a year or two to ensure continued success by the new owner for many more decades to come.
Reason for Selling
Owner is 85 years old and feels it's time to sell.
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