Two Location, Professional Apparel Dist/Retailer & Embroidery Co.

Albany County, NY

Two Location, Professional Apparel Dist/Retailer & Embroidery Co.
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Asking Price: $459,000

Cash Flow: $180,000

Gross Revenue: $2,300,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1973

Two Location, Professional Apparel Dist/Retailer & Embroidery Co.

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Business Description

This business - a third generation, 45-year old company - is a distributor/retailer of customized medical, restaurant, and industrial uniforms as well as shoes, corporate and school identity apparel, and accessories. Located in two upstate New York cities, it warehouses and customizes its products at one of its two retail locations. Customers include several large medical, educational and utility institutions– three of which have long-term contracts. The Company also provides group online buying portals for some of its customers.

The owners are soliciting offers for business assets and goodwill. Plus inventory (at cost) at the time of sale.

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Detailed Information

Employees:
9PT & 8FT
Facilities:
Two retail locations (3,600 sqft & 5,300 sqft) in Upstate New York.
Growth & Expansion:
As the economy continues to improve and jobs rebound, demand for uniforms for employees within the administrative, business support, hospitality and accommodation services markets are increasing (IBISWorld). This company is ready for new ownership with working capital and the energy and passion to increase revenues and implement a comprehensive and robust marketing strategy including an updated and streamlined web presence for more consumer direct and group sales. The company can be scaled by adding related product lines to sell to its existing customer base. A sports and team apparel line of business is also a great opportunity.
Support & Training:
The owners will provide up to two months of part-time transitional support and one year of phone consultation to transfer the institutional knowledge required to run the business.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Robert Stevens

Business Listed By:
Robert Stevens

ThielGroup LLC.

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Sponsoring Broker:
Kathlene Thiel, MBA, CVA, CBI

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