Established Mens Clothing Store With Consistent Profits

Listing Number: 012722-739147

Description

Transworld Business Advisors of Fremont DRE# 02194963 presents:

Highly profitable men's clothing store specializing in Italian fashion. Featuring brand name apparel and accessories, the business enjoys a great reputation in the local community as evidenced by excellent reviews on Yelp and Google. They also offer complete alteration and tailoring services as well as tuxedo rentals.

The business was established over 30 years ago although the owner has been in the industry for nearly 50 years. He is a guru in men's fashion and is willing to pass on his knowledge to the new owner to ensure their success. The owner does everything by himself, occasionally bringing in a tailor to help with alterations.

Store carries about $40-$45K in inventory, which is NOT included in the asking price. Rent is very reasonable for the area, which is in the heart of Silicon Valley.

Although doing great already, the business has a lot of room for growth via a greater focus on sales, advertising and social media marketing. Owner will help with transition and is also available to be hired back for several months.

A limited amount of seller financing may be available for qualified buyers at the sole discretion of the owner.

Agent: Shailendra Gupta DRE# 02169356

Listing Details

• Price: $ 389,000
• Down Payment: $249,000
• Sellers Discretionary Earnings: $ 192,866
• Total Sales: $ 400,199
• Location: Sunnyvale, Santa Clara County, California


• Inventory: $ 40,000
• FF&E: $ 11,800
• Employees:
• Year Established: 1993
• Reason for Selling: Retirement
• Category: Clothing