30% ROI Alternation Upscale Community $$$

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Background

BizEx ID:BizEx1300-BJ
General Location:Los Angeles, CA
Category: Apparel & Accessory Stores
Other Business Services
Years in Business:37
Under Present Owner:24
Hours of Operation:9am - 5pm
Owner Hours:9am - 5pm
Training:None
Organization Type:
Lease Expiration:
Lease Options:
Building Size:
Employees:6
Reason for Sale:Retirement

Financials

Asking Price:$350,000
Down Payment:$50,000
Gross Sales:$265,786
Discretionary Cash Flow:$112,300
FF&E:
Inventory Included?Yes
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:
Payroll:$14
Financing:SBA

2019 2018 2017
Gross Sales $ 275,942 $ 276,189 $ 245,228
Gross Profit $ $ $
Disc. Earnings $ 125,033 $ 130,873 $ 87,405

Pictures


Description

Key-Value:

- Loyal customer, Celebrity customer

- 35+ years in business

- Prime location in a upscale community

- 30%+ ROI 

 

Location Location Location!!

Extremely profitable custom Tailor/Alteration retail in an upscale neighborhood.

Proving custom tailor/alteration for the surrounding area for 30+ years. Very high-end clientele.

This business has a loyal client base and is turn-key ready for a new owner to expand on this business model. Great location and a great lifestyle business.


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Betty Jong
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 161
Direct: 310-882-2200 X161
Lic#: 01916702

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations