Absentee Run Profitable Mens Clothing Chain In Austin For Sale

Business description

 There are now three successful locations for this men's wear store (one in Killeen and two in Austin) which have been in business for 13 and 7 years and 3 months, respectively in very attractive, highly-traffic, leased shopping mall spaces. These stores carry young men's (12-40 years old) high fashion "street wear" and dress up clothing and accessories and have a great reputation for variety, selection, quality, fashion awareness and affordable pricing and have a very loyal clientele.
This absentee owner, who has over 20 years experience in this retail line, is willing to provide seller financing and up to 90 days of paid consultant training in buying and managing these unique retail establishments including introductions to some of the leading manufacturers of young men's fashion clothing. This company is the number one volume retailer in central Texas of some of the major brands of this apparel. Each store has experienced full time managers and there is now a district manager and inventory specialist in addition to 15+ loyal part time and full time employees. The gross revenues were approximately $2.5M for the last two years and 2011revenues and owner values have increased significantly with the recent turn-around of the retail industry and the recent opening of the the new “outlet” location in a major new Austin upscale outlet mall. After our complete analysis of the 2011 financials we expect to document our expectations of a major increase in profitability and we expect continuing gang-buster growth in both sales, revenues and owner value over this next year. Approximately $150-190K in inventory is included in the sales price.
P&Ls w/ analysis of owners benefits for 2009 and 2010 will be sent and 2011 is coming. Pictures can be sent in a subsequent email upon request. Pls let me know if you have any questions and when you would like to see the stores and meet the owner.

Property information

Real Estate:

Lease

Lease terms:

varies by location

Location:

The 3 successful locations for this mens wear store have been in business for 13 and 7 years and 3 mos in very attractive, high traffic leased shopping mall spaces.

Business Operation

Expansion potential:

Potential to increase revenues with the addition of other product lines such as mens accessories and shoes. Additionally, relocation of one store location is expected to increase revenues substantially.

Reasons for selling:

Other opportunities.

Employees:

19+

Years established:

13

Other information

Support & training:

This absentee owner is willing to provide seller financing and training in buying for and managing these unique retail establishments. Each store has experienced full time managers and there is a total of 15+ loyal employees.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Some. Negotiable.

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$150,000,190,000 (included in the asking price)

Relocatable:

This business can be relocated.