Owner Financing is Available!
Business Overview:
There are now three successful locations for this men's wear store (one in Killeen and two in Austin) which have been in business for 13 and 7 years and 3 months, respectively in very attractive, highly-traffic, leased shopping mall spaces. These stores carry young men's (12-40 years old) high fashion "street wear" and dress up clothing and accessories and have a great reputation for variety, selection, quality, fashion awareness and affordable pricing and have a very loyal clientele.
This absentee owner, who has over 20 years experience in this retail line, is willing to provide seller financing and up to 90 days of paid consultant training in buying and managing these unique retail establishments including introductions to some of the leading manufacturers of young men's fashion clothing. This company is the number one volume retailer in central Texas of some of the major brands of this apparel. Each store has experienced full time managers and there is now a district manager and inventory specialist in addition to 15+ loyal part time and full time employees.
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:
This absentee owner is willing to provide seller financing and training in buying for and managing these unique retail establishments. Each store has experienced full time managers and there is now a district manager and a total of 15+ loyal employees. Approximately $150-190K in inventory is included in the sales price of $350,000.
Market Competition and Expansion:
The gross revenues were approximately $2.5M for the last two years and 2011 revenues and owner values have increased significantly with the recent turn-around of the retail industry and the recent opening of the the new “outlet” location in a major new Austin upscale outlet mall. After our complete analysis of the 2011 financials we expect to document our expectations of a major increase in profitability and we expect continuing gang-buster growth in both sales, revenues and owner value over this next year.
Reason for Selling:
Othr opportunities
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.
Resources: