Asking Price: $60,900 Gross Revenue: $436,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $50,000 included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Reduced price for quick sale. Locate in busy shopping center with ample parking lot, this shop is well known in the community and have been served people here for years as it was established since 1994 with lots of loyal clienteles. Current owner has working hard to build up the business reputation over the years, now they want to retire and to hand off this successful business to the right type of owner whom would continue to serve and to care for the loyal customers and with the use of social media and online advertisement, that potentially creates more new clients since the current owner has never done this before. Owner is consider Owner's Financing option for qualified Buyer. For more details of location, showing inside the shop and business financial performance, prospective buyer/inquirer must complete the attached Non-Disclosure Agreement for the Listing Broker in order to receive the request information.
About the Business
Number of Employees:
Building Sq. Ft.:
$5,469.00 Per Month
Building size 2229 SF with front store, Test & Show rooms, Seamstress work-station and stockroom. Inventory of variety of wedding gowns, tuxedos, shoes, accessories, computers, printers, sewing machines, sort-machine ...etc which included in the sale of the business.
This shop is established since 1994 and well known in the community with lots of referrals from one generation to the next on wedding's gown, tuxedos with Seamstress onsite to make alteration upon requests. Reliability, reputable and experience to cater to client's needs are what has been done here for years and that creates loyal customers. Only 2 other shops are located in immediate area, however, they were established much recently and has not been a factor to effect this shop established clienteles.
Growth & Expansion:
Great potential to grow with more clients since the current owner has never utilized the Social Media platform or the Online Advertisement to promote the shop business beside the website to have the only web's present of the business. New owner can maximize more clienteles and sale/service volume by promoting the business over the web and social media to attract more new clients while maintaining the great level of service to the customers/clients.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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