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Medical, Uniform and Workwear Business

Miami, FL
Medical uniforms
Medical uniforms
Asking Price:$625,000
Gross Revenue:$670,000
Rent:$5,500/Month
FF&E:$70,000
Cash Flow:$109,735
Inventory:$250,000
EBITDA:$70,020
Established Year:1991
Listing ID: 2309680Listing provided by BizBuySell
BUSINESS DESCRIPTION

Turn-key business ready to keep growing!

Step right into profits! Over 33 years in business, this company sells school/medical/workwear uniforms. Part retail / part distributor, they market over 10,000 SKUs. With a centrally located storefront in Miami, sales are done in-person and online. 2024 gross revenue is expected to be around $670,000, which includes online sales of about $250,000. Gross margin is 55% and SDE is 20%. They have an impressive presence in the Caribbean, catering to over 50 clients in 9 different territories. They have built supplier and client relationships are decades strong. This is a lean operation - the workforce includes the owner and 3 loyal employees. Employee compensation is competitive. Although Owner/Operator is retiring, he is willing to stay onboard for 4 months for a smooth transition.

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DETAILED INFORMATION
Location
Miami, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,800
Lease Expiration
01/09/2026
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The location consists to 2 large warehouse bays. The roof is concrete, with asphalt/tar paper. Concrete block construction. 2, 10' front metallic rolling shutter doors (ground height), along with 1 retail door. The majority of the space is designed for retail setting with shelving and racks. Back of warehouse has large storage racks for inventory and storage. One office and one private bathroom in back.
Competition
The uniform, workwear and other related clothing market has an estimated value in the United States of approximately $10.6 Billion in 2022. As stated by Globe News wire, The North American school uniform market is expected to grow from $3.2 Billion in 2021 to $4.7 Billion by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
Growth & Expansion
With growing importance placed on health and education, the workwear and school uniform industries will see similar growth trends for decades to come. There is immense opportunity to grow the online sales sector of this business, along with growing their presence in the Caribbean nations.
Financing
Cash and financed offers will be considered.
Support & Training
Owner is providing option of working their approximately 4 months after the sale is complete, to provide a comfortable hand-off to the next owner.
Reason for Selling
Owner/operator is retiring.
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Kevin Bernhardt
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Kevin Bernhardt
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