Established Custom Retail Shop - Prime Mall Location
This profitable custom apparel shop represents an exceptional opportunity to acquire a well-established retail business with over 12 years of successful operation. Located in the only shopping mall within a 40-mile radius in Catawba County, NC, this business benefits from heavy daily foot traffic and serves a loyal customer base built over more than a decade.
Business Overview:
• Industry: Custom Apparel/Other Retail
• Established: 2012 (12+ years in operation)
• Location: 1,500 sq ft retail space plus additional 2,300 sq ft stock/workspace area
• Lease: Expires January 1, 2027 (2+ years remaining)
• Staff: 3 experienced employees with 3+ years tenure
Financial Performance:
The business demonstrates strong historical performance with significant profit margins:
• 2022: $731,000 gross revenue, ~$140,000 net profit
• 2023: $683,000 gross revenue, ~$110,000 net profit
• 2024: $550,000 gross revenue, ~$75,000 net profit
The recent revenue decline is attributed to the current owner's relocation rather than market conditions, presenting an opportunity for a dedicated owner-operator to restore growth.
Key Assets Included:
• FF&E valued at $25,000
• Inventory worth $30,000 (included in asking price)
• Turnkey operation with trained staff
• Established customer relationships
• Prime retail location with exclusive mall positioning
Growth Potential:
With renewed focus and hands-on management, this business offers significant expansion opportunities. The experienced staff remains in place, maintaining operational continuity while the new owner implements growth strategies.
This turnkey opportunity provides immediate cash flow in a specialized retail niche with strong market positioning and growth potential.
Asking Price: $245,000
Ad#:2371320
