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Bloomfield Plaza, Oakland County

  • Listing No.: 217-20080

  • Category: Retail

Asking Price $475,000
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
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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 $475,000
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 $538,000 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.