Men's Specialty Apparel Retailer w Substantial Inventory in N.TX
Listing Number: 76931-247310
Listing Details
Men's Specialty Apparel Retailer w Substantial Inventory in N.TX
Price: $495,000
Location: Grayson County, Texas
- Down Payment: $495,000
- Sales: $103,268
- Seller's Discretionary Earnings: $26,404
- Inventory: $750,000
- Furniture, Fixtures, and Equipment: $30,000
- Rent: $3,315
- Employees: 0
- Year Established: 2002
- Reason for Selling: Retirement
For More Information About This Listing
Business Description
This established men's specialty apparel retailer has served customers in Grayson County, Texas, since 2002. The Company offers a full range of men's clothing and accessories, from suits, sport coats, and dress shirts to jeans, casual wear, and footwear, with a focus on sizes and fits that are difficult to find at general apparel retailers.
The opportunity centers on the Company's substantial merchandise inventory, which the Seller estimates at approximately $750,000 at cost, with an estimated retail value of approximately $1.7 million. The inventory consists primarily of classic, non-trend menswear that is not subject to seasonal or fashion obsolescence, and the Seller estimates that no more than 5% is older or slow-moving. The asking price of $495,000 represents approximately 66% of the Seller's estimated inventory cost. All inventory figures are Seller estimates and are subject to verification by physical count.
A Buyer with retail, merchandising, or e-commerce experience can bring a fresh approach to selling this inventory. The Company already operates an online store with approximately 100 product listings and photography, providing a ready platform to reach customers well beyond the local market, and holds a lease on its retail space through December 2028.
The Business is known for personalized, knowledgeable service on sizing and fit, and offers in-store alterations, special orders, layaway, and bilingual service.
The Company has been owned and operated by its founder for its entire 24-year history and currently operates with no employees. Merchandise for all seasons is carried year-round, with sales typically strongest in the fall and holiday season.
Seller financing, including inventory handling arrangements, is available to a qualified Buyer, with a minimum of $150,000 cash down.
The opportunity centers on the Company's substantial merchandise inventory, which the Seller estimates at approximately $750,000 at cost, with an estimated retail value of approximately $1.7 million. The inventory consists primarily of classic, non-trend menswear that is not subject to seasonal or fashion obsolescence, and the Seller estimates that no more than 5% is older or slow-moving. The asking price of $495,000 represents approximately 66% of the Seller's estimated inventory cost. All inventory figures are Seller estimates and are subject to verification by physical count.
A Buyer with retail, merchandising, or e-commerce experience can bring a fresh approach to selling this inventory. The Company already operates an online store with approximately 100 product listings and photography, providing a ready platform to reach customers well beyond the local market, and holds a lease on its retail space through December 2028.
The Business is known for personalized, knowledgeable service on sizing and fit, and offers in-store alterations, special orders, layaway, and bilingual service.
The Company has been owned and operated by its founder for its entire 24-year history and currently operates with no employees. Merchandise for all seasons is carried year-round, with sales typically strongest in the fall and holiday season.
Seller financing, including inventory handling arrangements, is available to a qualified Buyer, with a minimum of $150,000 cash down.