Business Overview

Established over 23 years in the same location, this Men’s Clothing Store is in the heart of Downtown, walking distance to the beach. They have consistent foot traffic every day and with no vacancies in this plaza, the lease is very desirable. They offer quality upscale men’s clothing in a very affluent area with loyal customers. The seller is retiring and prepared to pass the baton to the next entrepreneur who is ready to make big profits from this well-known clothing store. Included in the purchase price is $140k of inventory at seller’s cost. Don’t Miss This Opportunity! Please refer to listing 7301424136, Business Broker John Devries 772 260-7647 when you inquire about this listing.

Financial

  • Asking Price: $277,000
  • Cash Flow: $78,802
  • Gross Revenue: $624,829
  • EBITDA: N/A
  • FF&E: $40,000
  • Inventory: $140,000
  • Inventory Included: Yes
  • Established: 1998

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:4,000
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 8,560 Square Footage: 4,000 Building Type: PLAZA Terms & Options: NEGOTIABLE Expiration Date: 1/1/2022

Is Support & Training Included:

2 weeks training at no cost

Purpose For Selling:

Retiring

Pros and Cons:

Non Compete : Miles: 20 Years: 5

Additional Info

The business was started in 1998, making the business 24 years old.
The transaction does include inventory valued at $140,000, which is included in the requested price.

The company has 3 employees and resides in a building with estimated square footage of 4,000 sq ft.
The building is leased by the company for $8,560 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. Nevertheless, the genuine reason vs the one they say to you may be 2 totally different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of other factors. This is why it is extremely important that you not rely absolutely on a vendor's word, however instead, make use of the seller's answer in conjunction with your overall due diligence. This will paint an extra practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover items like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that earnings margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in brand-new customers? Often times, companies have repeat clients, which create the core of their day-to-day revenues. Specific aspects such as new competition growing up around the area, roadway building and construction, and also employee turn over can influence repeat customers as well as adversely impact future profits. One vital point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the greater the chance to construct a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood typical home earnings effect future revenue prospects?