2 Franchise Clothing Stores-Net over $400K-Only 10

Not Disclosed, NJ
Gloucester County

Gloucester County

Asking Price: Annual Revenue:
$850,000 $2,673,124

Retail: Clothing & Accessories

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RE: 2 Franchise Clothing Stores-Net over $400K-Only 10 Broker: Joe Chiarello

Quick Facts

Asking Price: $850,000
Annual Revenue: $2,673,124
Net Profit: Not Disclosed
Cash Flow: $402,482
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 21
BBN Listing #: 44064955
Broker Reference #: 3403-16360

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Business Overview:

You only need 10% ($85K) down to purchase these 2 successful Clothing Franchise businesses!

This is a nationally recognized leader in sustainable retail. They buy and sell gently used clothes, shoes, and accessories for teens and young adults. These 2 locations are well established stores with a long track record of success. 2021 has been more profitable already and sales continue to grow.

Their trailing 12 months is over $400,000 net income. They have all the financials to back up all these numbers from accountant! Staff is in place and operating both locations.

This business has been lender approved already. SBA will pay for the first 3 months of loan payments free to you which is an extra $25,812 savings, means more money back to you your first year of owning it. You will earn $296,752 (after paying loan) first year getting your 10% back close to 3.6 months!! The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out. NOTE: asking price includes $300,000 worth of inventory.

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Property Features and Assets:

Assets = $490,000.

Reason for Selling:

Owners want to move on to other interests.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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