Business Overview

This seller is looking for a tailor who’s ready to set out on their own. Do you or someone you know have a knack for sewing and want to make a living at it? Are you an employee at a tailor and want to be your own boss? This is a great opportunity to get in at a low entry point with an established clientele and reputation on which to build your net worth and income.

As an owner operator you’ll enjoy the benefits of being in charge of your career without the headaches of employees. Starting with a small existing business like this means you won’t need to set up your own shop, find a lease, or worry about how you’ll pay rent. This sturdy base will give you what you need to focus on just growing the business and providing great customer service.

Financing is available to qualified buyers including some exciting SBA incentives. If you think this business would be a good fit for you but you don’t have the funds reach out and let’s discuss your options.

Financial

  • Asking Price: $29,000
  • Cash Flow: N/A
  • Gross Revenue: $41,500
  • EBITDA: N/A
  • FF&E: $5,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: N/A
About The Facility:

Professionally finished out location on major intersection conveniently located in a major population hub.

Is Support & Training Included:

2 weeks

Purpose For Selling:

career change

Pros and Cons:

Great reviews and strength through Covid have positioned this shop to give a stable base to grow on. No other tailor in the area enjoys reviews as high as this location. Competition in the area is well established. Active marketing and new relationships with local retailers and bridal boutiques.

Additional Info

The deal shall include inventory valued at $1,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell companies. Nonetheless, the real reason vs the one they say to you might be 2 absolutely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of other reasons. This is why it is very important that you not rely absolutely on a seller's word, but rather, utilize the vendor's answer together with your total due diligence. This will repaint a more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too small. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract brand-new clients? Often times, businesses have repeat consumers, which form the core of their daily profits. Certain variables such as new competition growing up around the location, road building, and also personnel turn over can affect repeat customers and negatively impact future earnings. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last thought is the general area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the neighborhood average household earnings influence future revenue prospects?