Asking Price: $350,000 Gross Revenue: $588,293Cash Flow: $165,000 (Seller's Discretionary Earnings) EBITDA: 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.
This is a great opportunity to own a well-established and profitable uniform, embroidery, apparel and screen printing franchise business located in New England.
The existing store has been a staple in the community for many years and has a prime location with high traffic and great visibility. The present owners have developed a strong, repeat, long term customer base consisting of local schools, sports teams, hospitals, government, civic groups and many more.
As part of a national franchise they are able to combine hands-on local service with the clout of a national company. The buyer will be purchasing an existing business with a proven business model. Vendor relationships are already established offering better terms and prices than small independent store could access. The franchisee has an exclusive territory and there is room for expansion to adjacent territories. Marketing and inventory management procedures are in place to support the local owners.
The business is truly a turn-key opportunity with everything in place needed to continue to operate successfully for the new owner. This is an ideal business for an owner operator who desires to be their own boss in a very desirable location. No experience needed as the present owner is willing to train and support the buyer to ensure a smooth transition.
Have a 401k or IRA? Use it to buy this business with NO tax penalties.
All equipment and up to $50000 worth of inventory are included in the sale price. The seller will consider financing part of the sale for a qualified buyer.
About the Business
Only franchise of its kind in New England... with few quality convenient alternatives. This business offers (1) The best products in the industry, (2) Up-to-date styles and comfortable fabrics, (3) Convenient retail locations and a superior shopping experience, (4) All sizes in stock year-round, (5) On-site embroidery and screen printing, (6) Alteration services, (6) Competitive prices, and (7) Relationships with suppliers delivering the best quality and availability.
Growth & Expansion:
This is a highly recession resistant business that provides far superior products and customer service to an under served, growing market niche with both built-in demand and reliable repeat business.
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
full Terms & Conditions.