Listing ID: 71253
This beautifully decorated and functional business for sale is very busy with all varieties of clothing for alterations. From Wedding Gowns to Tuxedo’s this is the “GO TO” place to get your clothing fitted perfectly to you.
There’s also a very relaxing Coffee Lounge in the front for you to grab a tasty pastry and Expresso or Coffee.
Only 2 years old this one of a kind business is an immediate profit maker for you and the sky’s the limit on adding on business.
2.5 years and growing every week. This business fills a need in the area for a much needed service along with adding a relaxing place to have your expresso or cappuccino and french pastry.
Nothing like this in the area. no one can find a place to get their alterations and sewing done.
- Asking Price: $79,000
- Cash Flow: $36,000
- Gross Revenue: $96,000
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
moving out of the area
The transaction shall include inventory valued at $1,000, which is included in the suggested price.
The company has 3 employees and is located in a building with estimated square footage of 1,000 sq ft.
The building is leased by the business for $700 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. However, the real factor vs the one they tell you may be 2 entirely different things. For instance, they might claim "I have too many other commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is really vital that you not rely totally on a vendor's word, however rather, make use of the seller's response combined with your total due diligence. This will repaint an extra practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that profit margins are too tight. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Often times, operating businesses have repeat customers, which form the core of their daily profits. Particular aspects such as new competitors sprouting up around the location, road construction, as well as personnel turnover can affect repeat consumers and adversely influence future incomes. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the possibility to build a returning consumer base. A last thought is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the local typical home earnings impact future earnings potential?