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Cash Cow !!!
New York Metro Area |
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This 11 year old company primarily sells designer coats and jackets to the trade (retail stores). He also has a good percentage of retail sales. He has licenses that will transfer with the sale. The business is open 6 days Monday - Saturday 9:30AM - 7:00PM. He makes great margins on all sales. He nets in his pocket over $225,000. He is including in the price a minimum of $100,000 of inventory. Anything over that is free. Great business at a fantastic purchase price. |
Listing Number: 259
Morris Cohen - Listing Broker
122 Ogden Avenue, Dobbs Ferry, NY 10522
Telephone - (914) 674-9580
E-mail -
mcohen@capitalbbw.com
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| Category |
WHOLSALE/DIST. BUSINESSES |
| Sub-Category |
Nondurable Goods |
| Asking Price |
$525,000 |
| Gross Sales |
$1,500,000 |
| Cash Flow |
$225,000 |
| FFE |
$50,000 |
| Inventory |
$100,000 (Inventory IS Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
3 - Full-Time
0 - Part-Time |
| Facilities |
He leases 3,200 square feet. He uses 2,000 square feet and subleases 1,200 square feet. He has 9 years remaining on the lease. His subleasee has a lease with him for the length of the lease. The rent goes up 3% per year. He is were he needs to be for his type of business. Great location. Very safe. Lots of walk in traffic. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
He has been there for 11 years and has built a great reputation. Lots of repeat business. |
| Growth Notes |
Could do more retail business if he opens on Sundays. Retail business has huge margins. Could also increase business if he did some marketing. Could definitely do more business if he sold on-line. He is a wholesaler so the retail stores would bot be able to compete with him on price. |
| Support Training |
He will provide some training. He would like the buyer to be in the business or the industry. |
| Year Established |
1995 |
| Financing Terms |
He might hold some paper for the right buyer. |
| Reason for Selling |
Wants to do something different. |
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