Work Shoes & Clothes - $1.7MM+ Revenue

San Mateo County, CA

Work Shoes & Clothes -  $1.7MM+ Revenue
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Asking Price: $795,000

Cash Flow: $254,076

Gross Revenue: $1,705,630

EBITDA: N/A

FF&E: N/A

Inventory: $210,000

Lease Rate: $4.50 /SF/Month

Established: 1992

Work Shoes & Clothes - $1.7MM+ Revenue

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Business Description

This Bay Area business has both a retail location in a major shopping center and contracts with a number of Bay Area cities and businesses that buy its products. It’s a woman owned business and this has facilitated getting its getting contracts with San Francisco and other Bay Area cities. Inventory of $210,000 is included in the sale. A new five year lease with a five year option started October 1st. The seller has
had the business since 1992 and is ready to retire. Sales have been increasing, but there are still a lot of expansion opportunities available to someone who wanted to scale the business. SBA financing approved with $200,000 down.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,175
Lease Expiration:
N/A
Employees:
4
Facilities:
Bay Area Shopping Center
Reason for Selling:
Retirement
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Contact the Seller

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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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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.

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