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Long Establish Turn Key Alteration

Fort Worth, TX (Tarrant County)

Long Establish Turn Key Alteration
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Asking Price: $40,000

Cash Flow: N/A

Gross Revenue: $37,000

EBITDA: N/A

FF&E: $8,000

Inventory: $1,000

Established: 1985

Long Establish Turn Key Alteration

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Business Description

Turn-key tailor shop in the prime area of a highly populated city is available for acquisition. This business was originally established several decades ago in 1985 by the current owner of the business. Most of the customers are individuals that live in the surrounding densely populated residential neighborhoods and some referrals from a major airline corporation. Net sales average $37,000/year that has been consistent throughout the last several years of operation without any marketing done except through word of mouth. Although no marketing is done to currently grow the business, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from untapped areas. Competition can be expected for this type of business, but the indirect competitor focuses more on dry cleaning services instead of alterations while this business is specialized in this particular service at a reasonable price point. There are many ways to market this business such as direct mailing, limo service, build a website, door hangers, corporate contracts and hiring additional staff. Placing an employee within the business will allow the owner of the business to fully focus on growing the business through proactive marketing and bringing the overall quality of the business up. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.

Listing ID #000617
For more info, please call Stephen Lee at 1-866-519-2421.

Detailed Information

Location:
Fort Worth, TX
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 900 SF retail strip center that is surrounded by various residential areas and businesses that brings immense traffic to the area. All equipment is in impeccable condition and in working order.
Competition:
One indirect competitor is within the immediate market area, but the competitor is more focused on dry cleaning services instead of specialized alterations at a low price that this business provides.
Growth & Expansion:
There's currently no marketing done for this business.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Illness
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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