Premier 60+ Year Men's Clothing Store - RE

Not Disclosed, NC


Asking Price: Annual Revenue:
$895,000 $466,058

Retail: Clothing & Accessories


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RE: Premier 60+ Year Men's Clothing Store - RE Broker: Tony Khoury
Owner Financing is Available!
$447,500.00

Quick Facts

Asking Price: $895,000
Annual Revenue: $466,058
Net Profit: Not Disclosed
Cash Flow: $56,386
Total Debt: Not Disclosed
FF&E: $22,031
Real Estate: Not Disclosed
Year Established: 1957
Employees: 4
BBN Listing #: 996658201
Broker Reference #: 13485-473062

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Business Overview:

This premier men's clothing store has a loyal and long-standing customer following over the last 60+ years. Over 5,000 square feet of real estate is included with the purchase of this business, which is located in a high-traffic location and with excellent visibility.

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Property Features and Assets:

Large and visible retail space located on a major thoroughfare. This prominent eastern North Carolina men's clothing store has served multiple generations of families, carrying the finest men's brands and offering custom tailoring services. Customer service and attention to detail, coupled with affordable prices has been their key to success. An additional revenue stream has been in providing tuxedo rentals for customers of all ages.

Market Competition and Expansion:

There are two other prominent men's clothing stores in the region, which offer similar personalized service. Potential Growth: Located in a booming eastern NC community and visible on a major thoroughfare, this business boasts of over 5,000 square feet of owner-occupied retail space, with the ability to expand its floor space. This is the perfect business for an owner-operator who has experience and knowledge within the men's clothing industry and would like to own their own company.

Reason for Selling:

Retirement

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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