| Asking Price |
$45,000 | Inventory |
$200* |
|---|---|---|---|
| Gross Income |
Not Disclosed | Real Estate |
|
| Cash Flow |
Not Disclosed | Year Established | 2003 |
| FF&E |
$10,000* | Employees | 0 |
* included in the asking price
** not included in the asking price
The person buying this business should enjoy working with the public aside from possessing excellent tailoring skills. The business is simple to operate in that there are no employees, no receivables and very little inventory to keep on hand. The shop is conveniently located within a retail center with lots of parking. The center's numerous social halls hosts many weddings and events throughout the year thus giving the tailor shop a captive audience.
Facilities: All equipment will convey with sale of business including: sewing machine, blind stitch machine, embroidering machine, ironing board, steamer, front counter, fitting room, 3 mirrors and credit card machine. Current lease will expire at end of Feb 2010. Shopping center management happy to renegotiate a new lease. Water, electric, heat + a/c and CAM are included with monthly rent.
Competition: Business being sold is primarily that of a tailor shop. Off site drycleaning services are made available to existing clientele. The tailor shop benefits from the shopping center's large volume of on-site weddings providing alterations for bride, groom and entire wedding party.
Growth/Expansion: Additional services could include: tuxedo and gown rentals as well as luggage and shoe repair/polishing which could be easily outsourced.
Financing: $0
Support/Training: Sellers will be available on an as need basis helping the new owner(s) transition.
Reason Selling: Sellers are relocating out of state.

Matthew A. Kalb, Broker
702-232-9711
COMMERCIAL@RESIDENTIAL INVESTMENT REALTY
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