Clothing Franchise Netting $409K-Only 10% Down

Not Disclosed, NJ
Gloucester County

Asking Price: Annual Revenue:
$950,000 $1,748,917

Retail: Clothing & Accessories

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RE: Clothing Franchise Netting $409K-Only 10% Down Broker: Joe Chiarello

Quick Facts

Asking Price: $950,000
Annual Revenue: $1,748,917
Net Profit: Not Disclosed
Cash Flow: $409,852
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 21
BBN Listing #: 72374955
Broker Reference #: 3403-16558

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Business Overview:

This business has been pre-approved for bank financing with only 10% down needed ($95,000). In the last 12 months this business has netted over $409,000. A new owner will net $299,000 first year after paying debt service, paying buyer back their deposit in 7 months.

This is a nationally recognized leader in sustainable retail. They buy and sell gently used clothes, shoes, and accessories for teens and young adults. This is business is a well established store with a long track record of success. Store is located in a great area with a lot of traffic with high volumes. This business is being sold for a hands on owner that already has an entire staff to operate the business in place.

NOTE: $150,000 of inventory is INCLUDED in asking price.

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Property Features and Assets:

Assets = $450,000.

Reason for Selling:

Store too far from home.

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 a franchise resale opportunity.

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