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- RE: High End Alteration Service - Bridal & Formal Wear
- Contact: Karl Barham
Quick Facts
Asking Price: | $349,000 | |
Annual Revenue: | $504,592 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $162,228 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 8 | |
BBN Listing #: | 814956513 | |
Broker Reference #: | 98126-764096 |
Business Overview:
Established turnkey full-service alterations business with a huge market share in bridal and formalwear alterations.
The business has an excellent reputation for quality workmanship, quick turnaround, and customer service and has become a preferred vendor from many bridal stores. The business is conveniently located in a densely populated upscale residential area, with easy access. The retail storefront shop is beautifully laid out with plenty of space for Brides to be fitted. The owner has a fantastic lease in place with great rent terms.
Loyal and tenure staff in place including a manager.
• This is an established, turnkey business with room to grow sales and profitability.
• Unique opportunity for an existing tailor/alteration business to expand their business footprint or relocate to a lower rent location with built-in high-volume high-dollar alterations business.
• Great opportunity for a family run business.
• Great margins and profitability.
• 8 Loyal Tenure Employees
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Market Competition and Expansion:
Expansion Potential: -Increase Marketing -Expand Services / Products
Reason for Selling:
Retirement
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
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