Men Clothing Store - Rrice Reduced For Sale

Business description

This store was established 29 years ago by the current owner. It is located in one of the largest and most prestigious malls in Orange Co with great visibility and foot traffic. The store sells men's suits, tuxedo, jackets, trousers, dress shirts, shoes, ties, belts, - the works. They have a suit for every budget, from economy to famous Italian labels! This business is all about customer service. They are able to work around clients requirements and fulfill them to customer's satisfaction. The store is well known by baseball players whose base is not far away. Orders of $5,000-$10,000 are quite common. There's some cash involved too, however we don't take it into account.
It's a family-owned business, they have a tailor on premises. The owner is ready to retire. Seller may consider to carry a note for a qualified buyer. The business is priced very attractively, less than 2x the Adjusted Net. Inventory of $100,000 in not included in the purchase price. Level of inventory can be easily adjusted by the seller to satisfy buyer's needs.
The ideal buyer should be customer service and sales oriented.

Property information

Real Estate:

Lease

Other information

Support & training:

Two weeks of training is included in the purchase price.

Reasons for selling:

Retirement

Trading hours:

10-9; 10-8; 11-7

Financing available:

Seller can accept $200,000 cash down payment and carry a note for the balance for a qualified buyer

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$100,000