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Business For Sale

ALTERATION SHOP

Attn: Lana
Southfield/Oakland, MI, USA
Listing #: 27324990
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Asking Price: $55,000 USD USA Dollars
Business for Sale Industry: Services: Dry Cleaning & Laundry  
Reason for Selling: Family matters.
Year Established: 1984
# of Employees: 2
Yearly Revenues: $93,000
Yearly Net Profit: $56,000
Monthly Payroll: $7,500
Total Debt: $3,000
 

Business for Sale Overview:

Primary business is an Alteration shop; we do all kind of alteration, repair, and tailoring. Three people can work at the shop, great for a family or some one who owns a cleaner. This business was established 23 years ago. Business located on 10 Mile and Telegraph in the shop mall all the stores next to, are occupied. Also, we offer a pick up and drop off cleaning service. Every thing is set up, the cleaners picks up and delivers clothing the same day.


Property Features and Assets:

The shop is located in the plaza, next to Chinese restaurant, LA Insurance, Tanning Salon. Behind is a large parking lot which leads to a Secretary of State and a Power Gum House. The advantage is that it is a business area; a lot of big corporations are in the area. Most people work and it is convenient for them to use our services.


Market Competition and Expansion:

This business has a lot of potentials, now we only have 4 cleaners that we do hole sale alteration for, but there is many cleaners in the area who need a good tailor. Also, we do not do any advertising, but is would definitely be and big plus to run ads.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This may become a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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