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Listing No.: 217-20080
Category: Retail
Asking Price | $199,000 |
Down Payment | |
Gross Revenue | $481,774 |
Total Adjusted Net Income | $62,822 |
Equipment / Fixtures | $48,205 |
Year Established | 1980 |
General Location | Bloomfield Plaza, Oakland County |
This is an opportunity to take over an established men's clothier serving discerning customers for over 40 years in southeast Michigan. Owner has been in this industry fifty years while many national brands have come and gone. Merchandise is sourced in Europe where relationships have been built over decades. This is a uniques store in the local area and customers come from far and wide including out of state. Opportunities exist for fresh energy and insights in the areas of fashion, retailing and marketing, including digital marketing and on-line commerce. The sales price includes all inventory, leasehold improvements, equipment, website, domain name and all assets of the business enabling a new owner to assume and enhance the momentum of the business. See the store and understand the experience!
Gross Revenue | $481,774 | Listed Price | $199,000 |
Total Income | $62,822 | Down Payment |
Base Rent | $5,161 | Square Feet | 2815 |
Total Rent | $6,219 | Lease Expiration | 06/2023 |
Rent Deposit | Lease Options | 1 / 5 |
Inventory | $250,000 | Leasehold Improvements | $36,243 |
Equipment / Fixtures | $48,205 | Other Assets | All assets in store, all art work, lighting, electric shutters, tables, wall units included |
Full-Time Employees | 3 | Training Period | 1 Month |
Part-Time Employees | Special License Required | Business License | |
Contract Staff | Reason for Selling | Retirement |
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.