Asking Price: $179,995 Gross Revenue: $314,769Cash Flow: $111,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,000 included in asking priceFF&E: $20,000 included in asking priceReal Estate: Not Disclosed Share 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.
Unique opportunity to own an established and well-known tailor shop located in one of Northern Virginia’s premier shopping malls. The business is ideally situated on the ground level just outside the entrance of a major department store. This location is ideal as the business sees a significant amount of daily foot traffic and benefits from a built in clientele of shoppers visiting the mall. The business also has developed a loyal following of customers who utilize their services on a regular basis.
The business has been providing tailoring, alterations, and dry cleaning services to the Northern Virginia area for over 30 years. They pride themselves on providing top notch services at competitive prices with reasonable turnaround times. This setup is ideal as the business has established itself as a one stop shop for any and all garment repairs and cleaning. There are 7 years remaining on the lease and ample opportunity for a new owner to take over and continue to build on long track record of profitability.
The owner does not do any of the actual tailoring work and employs a staff to handle all alterations and repairs. The dry cleaning segment is outsourced to a local plant. The owner is in the process of adding a made to measure clothing element to the business which will complement the existing services. Don’t miss this chance to take over a turnkey business that’s poised for continued growth.
About the Business
Fairfax County, Virginia
Number of Employees:
The business is situated on the ground floor of a prominent Northern Virginia shopping mall and is directly outside of a major anchor department store. The shop occupies roughly 700 square feet of space and includes a reception area, fitting rooms, and work room/back office.
There is limited direct competition and this business is the exclusive shop for tailoring and dry cleaning services in the mall.
Growth & Expansion:
There is ample room for a new owner to continue to grow and expand the business. A new owner could increase services, add staff, or expand on marketing efforts to create more awareness of the business.
Established & Well-Known Tailor Shop in Northern VA
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