Upper West Side Tailor Shop - Less Than 1x Earnings

New York, NY (New York County)

Upper West Side Tailor Shop - Less Than 1x Earnings
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Asking Price: Get Financing: $49,000

Cash Flow: $98,220

Gross Revenue: $130,000

EBITDA: N/A

FF&E: $1,000

Inventory: $1,000*

Lease Rate: $2,350 /Month

Established: 1980

*not included in asking price.

Upper West Side Tailor Shop - Less Than 1x Earnings

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Business Description

Are you a tailor working in a dry cleaner who is tired of sharing the profits of your hard work with the store owner? Then this custom tailor shop is the perfect opportunity for you. These are just a few of the amazing Yelp! reviews…

“One of the best tailors in the city!”
“All of our outfits were masterfully tailored.”
“Always a perfect job on my clothes, I wouldn't trust anyone else!”

Located in an affluent, high traffic Upper West Side neighborhood, this shop has been making clients look good for more than 35+ years in the same location. As a result, the clientele extremely loyal and vocal about the quality and service which results in a steady flow of referral business. The owner is willing to work with a new tailor to maintain customer continuity and will train in the techniques made him successful.

Opportunities include using advertising to bring in new clients, which this owner has never done, and to slowly increase prices. The current prices are low versus their local competitors.

Hours: Monday-Friday 8:30am-6:00pm, Saturday: 8:30am-5:00pm. Closed Sunday.

Lease: Approximately 450 sf. Rent is $2,350/month. Landlord open to a new lease at similar terms.

The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers’ desire to retire. Sale price is $75,000.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
450
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Increase marketing local and online. Add staff.
Support & Training:
4 weeks
Reason for Selling:
retiring
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Contact the Seller

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Bob Dunphy

Business Listed By:
Bob Dunphy

Transworld Business Advisors of NY

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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.


Sponsoring Broker:
Transworld Business Advisors


Listing Statistics for Premium Members

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