Listing Number: 24876-681635
Description
Overview:
This company is a prestigious and longstanding business entity that has been a cornerstone in the fine clothing industry for over a century. Around for generations, this company specializes in offering exquisite clothing for both men and women, catering to individuals who appreciate timeless elegance and exceptional quality. Notably, the store features top-of-the-line and extremely popular men’s clothing lines, further enhancing its appeal.
Financial Performance:
With an annual turnover exceeding $1 million, the company boasts a robust financial performance, showcasing its resilience and stability in the market. This consistent revenue stream is a testament to the enduring appeal and quality of its products, as well as its effective business strategies. Additionally, the business comes with approximately $80k/year of recurring revenue (at 100% gross profit), contributing to the store's foot traffic and loyal clientele.
Customer Base:
This company has cultivated a devoted and loyal customer base over the years. These customers value the impeccable craftsmanship, attention to detail, and personalized service offered by the company. Through its commitment to excellence, the company has earned the trust and loyalty of discerning clientele who seek nothing short of the finest clothing options.
Competitive Advantage:
This company maintains a competitive edge in the market through its uncompromising dedication to quality, craftsmanship, and customer satisfaction. By staying true to its heritage while embracing innovation, the company continues to set industry standards and exceed customer expectations, solidifying its position as a leader in the fine clothing segment.
Outlook:
As this company looks to the future, it remains positioned for continued success and growth. Leveraging its rich legacy, loyal customer base, and talented workforce, the company is ready to adapt to evolving market dynamics while remaining committed to excellence and integrity.
The owner is committed to ensuring the new owner's success and growth in the business. While a standard transition period of four weeks is included, they are open to negotiating a longer transition period if needed. This flexibility demonstrates their dedication to providing the support necessary for a smooth handover and continued prosperity of the business under new management.
Listing Details
- Price: $999,000
- Down Payment: $999,000
- Sellers Discretionary Earnings: $331,956
- Total Sales: $1,229,012
- Location: Alabama
- Inventory: $245,000
- FF&E: $25,000
- Employees: 3
- Year Established: 1900
- Reason for Selling: Retirement
- Category: Clothing
