Business Overview:
Solid business opportunity to own this long-standing successful retail clothier company that supplied highest quality custom men’s, cloths, and accessories. The owner is now retiring after many years in the industry and will train and finance the sale to a qualified buyer. This is a dependable safe business opportunity. The companies fixed assets has an estimated value of approximately $45,000 which is specifically based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, no web site, social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
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Property Features and Assets:
The business retail facility which consist of approximately 1,100 square feet has an attractive professional appearance to the customers it serves. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Morris County, and the general area consists of various private companies and numerous workers & shoppers. The general area is made up of various affluent and highly populated communities with continued demand for this industry.
Market Competition and Expansion:
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Owner retiring.
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.
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