Business for Sale Overview:
This company has been selling professional apparel since it's founding in 1992. Original owner focused entirely on the medical community. The current owner purchased it in 2006 and has subsequently grown sales 35% annually by expanding into other markets that also need professional apparel including culinary, hotel, beauty salon and other corporate markets. Sales continue to grow even in this slow economy. The business has good relationships with all the area and state educational institutions serving these market segments so that students from these schools start buying from them as soon as they graduate and continue to do so through the rest of their career.
The business operates out of an attractive 1,500 square feet store in a mall located on a busy thoroughfare. While much of their business is derived from outside sales efforts, the business has a significant walk-in trade as well. Current owner is in the process of signing on one or more independent sales agents to further develop their outside marketing as they believe this is key to continuing penetration into other markets and driving sales growth. They have also started a new e-marketing effort which if supported will provide an additional avenue for revenue increases.Increased sales will allow the business to better leverage their overheads and significantly increase the firms profitability.
Seller financing with $35,000 down and balance paid over 2 years at 8% interest.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
1,500 square feet store front in mall. Clean and new space. Store also has approximately 500 square feet of storage space.
Market Competition and Expansion:
The company has made great strides the last three years building revenue because they have focused on developing the markets outside of the medical apparel field. New owners that build on this will definitely realize increased revenue. Company has a strong position in the medical apparel market as they have been serving it continuously since 1992. This market continues to grow and will serve the company well.
Reason for Selling:
Owner wishes to focus on his other business
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.