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Garment District

  • Listing Number: 206-21049

  • Category: Wholesale

Asking Price $850,000
Down Payment
Gross Revenue $2,349,227
Total Adjusted Net Income $769,908
Equipment / Fixtures $30,000
Year Established 1984
General Location Garment District
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An established and highly profitable import clothing business is for sale. An importer and distributor of clothes for more than 30 years, the business has been providing competitive prices and timely deliveries in the U.S. market, long enough to achieve growth annually, and to establish a strong relationship with its clients. With the demand increasing, the business is easy to maintain and market. The owner is selling due to retirement, but not before but not before giving you transitional support by training you with and sharing decades of knowledge and experience for a week. This is a great opportunity for those who are looking for an established business with a good source of income, a good attitude required in providing service and making money, good salesmanship, and a good eye for design. There is potential for a higher revenue with the business unaffected by the pandemic.

Gross Revenue $2,349,227 Listed Price $850,000
Total Income $769,908 Down Payment
Base Rent $6,120 Square Feet 2000
Total Rent $7,000 Lease Expiration 07/2023
Rent Deposit $24,480 Lease Options Many / 2-10 YRS OR MORE
Inventory Not Included Leasehold Improvements $0
Equipment / Fixtures $30,000 Other Assets
Full-Time Employees 4 Training Period 1 Week
Part-Time Employees 1 Special License Required No
Contract Staff 1 Reason for Selling Plan to retire

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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