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Custom Tailor Men’s Clothing Nets $85,000
MORRISTOWN, NJ
MORRIS County
Active commercial avenue
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| Asking Price: | Annual Revenue: |
| $125,000 | $224,500 |
Retail: Clothing & Accessories
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RE: Custom Tailor Men’s Clothing Nets $85,000
Contact: Customer Service
Owner Financing is Available!
Owner financing available with appropriate down payment.
Quick Facts
| Asking Price: | $125,000 | |
| Annual Revenue: | $224,500 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $85,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 45,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1985 | |
| Employees: | 1 | |
| BBN Listing #: | 7403909 | |
| Broker Reference #: | RETL458 |
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Business Overview:
Solid business opportunity to own this long-standing successful retail clothier company that supplied highest quality custom men’s, clothes, 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 which offers owner financing and training. The yearly gross income represented by the seller/owner is $224,647 Plus undisclosed income the business has a yearly net income of approximately $85,000 based on an onsite owner operator and prior to any debt service. The 2023 income has further increased from the previous year. Also, due to a percentage of seller discretionary income, formal due diligence is required by the purchaser.
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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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more New Jersey businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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