Business Overview

Custom Bra Fitting & Lingerie Store w/a Commitment to Excellence and a Loyal Following. Multiple services offered including in-store fittings, private consultations, and bra-fitting parties. We specialize in the hard-to-fit and offer a variety of styles, colors, and sizes. Women love our Swimwear and we offer products not sold in traditional department stores, including post-surgical or non-underwire women. For additional information please contact listing agent Thomas Vondell at 845-389-2599 or tomvondell@fcbb.com.

Financial

  • Asking Price: $249,000
  • Cash Flow: $86,866
  • Gross Revenue: $374,833
  • EBITDA: N/A
  • FF&E: $9,823
  • Inventory: $90,255
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 1,200 square feet with a Total Rent of $1,500. Seller is active in the business with 1 FT employee, 2 PT employees and 2 Independent Contractors. Hours of operation are M&F: 10-5, T-TH: 1-7, 2nd & 4th Saturday 10 am-3pm. $90,255 in Inventory and $9,823 in FF&E included in Asking Price. $5,563 made in Leasehold Improvements.

Is Support & Training Included:

4 Weeks

Purpose For Selling:

Retirement

Additional Info

The venture was founded in 2007, making the business 15 years old.
The sale does include inventory valued at $90,255, which is included in the asking price.

The company has 5 employees and is situated in a building with approx. square footage of 1,200 sq ft.
The building is leased by the company for $1,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. However, the true factor vs the one they say to you may be 2 totally different things. For instance, they might say "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is very important that you not depend absolutely on a vendor's word, but instead, make use of the seller's response together with your general due diligence. This will repaint a more realistic picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be met or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in new consumers? Most times, operating businesses have repeat customers, which develop the core of their day-to-day revenues. Certain aspects such as new competition sprouting up around the area, road building, as well as staff turnover can influence repeat customers and adversely influence future earnings. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the possibility to develop a returning client base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the neighborhood median home earnings influence future income prospects?