50+ Year Tailoring and Alteration Business

Miami-Dade County, FL

50+ Year Tailoring and Alteration Business

Asking Price:$180,000

Cash Flow:$60,000

Gross Revenue:$180,000

EBITDA:N/A

FF&E:$6,000

Inventory:$4,000

Lease Rate:$52.80 /SF/Year

Established:1967

50+ Year Tailoring and Alteration Business

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Business Description

This alterations business has been a prominent staple of this neighborhood for 50+ years. Renowned for its quality tailoring, this business has been serving the local affluent community from the same retail store front location for 50 years. The years of goodwill or brand recognition and the high visibility from the 36,000 vehicles and pedestrian traffic daily, makes for a business practically free of marketing expenses and competition. The present owner had owned it for 27 years and is ready to retire. The lucky buyer will take over a turnkey operation.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
500
Lease Expiration:
8/31/2018
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
• Location, Location, Location, with 36,000 daily vehicular and pedestrian traffic • Incorporated in 1995 (present owner) • Only 2 owners in 50+ years • Trade Name and business is under a Florida corporation • 50 years of goodwill • Large loyal affluent clientele (with potential for much more) • 500 square feet of retail store space • Approximately $10,000.00 of machinery, equipment, inventory, and supplies • 5 experienced employees • High visibility storefront • $180,000.00 in annual sales
Competition:
Because this alteration business has such a long-standing history, marketing is not necessary and competition is practically non-existent. The buyer should realize that they are buying a time-tested business with an excellent reputation, located on the high traffic street with high visibility and a qualified staff. The surrounding neighborhood is affluent and loyal to the brand name. This is a turnkey business for the right buyer.
Growth & Expansion:
Plenty of unexplored growth and expansion possibilities that present owner is not presently pursuing.
Financing:
None.
Support & Training:
Seller willing to train and support future owner.
Reason for Selling:
Owner is planning to retire.

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Carlos Benitez

Business Listed By:
Carlos Benitez

Keller Williams

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