High End Men's Clothing Store, with Inventory Included

Durham, NC (Durham County)

Seller Financing Available
Men's Clothing Store

Asking Price:$325,000

Cash Flow:$112,000

Gross Revenue:$569,000

EBITDA:N/A

FF&E:$30,000

Inventory:$230,000

Established:N/A

High End Men's Clothing Store, with Inventory Included

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Business Description

Retirement pending! This is an excellent opportunity to earn in excess of $100,000 per year operating a well-established men’s clothing retail location, in the Triangle area. The $325,000 price includes $230,000 in inventory. With $30,000 in furniture, fixtures and equipment. Seller is highly motivated to have shop continue with the right buyer since this is a destination shop with repeat customer base.

The business is located in a busy mall, which recently received a major face lift and remodel which will only go to increase sales. The business is situated on a corner space with 20 feet of front and side windows providing high visibility of multiple clothing displays. Day to day management by an active owner operator will only go to grow this business. The business has a history of strong sales and profits, and the owner has excellent records to verify both the cash and credit sales along with the expenses.

The business is extremely easy to learn and operate with solid vendors and contacts. There is a huge upside potential with the addition of new products, by modernizing website and advertising on social media. For more information, call Shanon Madrid at smadrid@sunbeltnetwork.com or 919-858-6853.

Detailed Information

Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,500 sq. ft. leased space
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement

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Shanon Madrid

Business Listed By:
Shanon Madrid

Sunbelt of Durham/Chapel Hill

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