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Men's Fashions 20 Year Old Store
Location Nevada,United States
Asking Price Range < $250K
Gross Revenues $245000
Net Profit / Cash Flow $85000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1992
Number of Employees 1 - 3
Inventory 150000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training
Reason for Sale Seller can't manage two stores located so far apart
Description For 20 years, the Owner has operated this store in Las Vegas, and has set the standard for the finest in men's Italian fashions, offered to the public at wholesale prices. Over the years, customers have included the who's who of Vegas entertainers and casino executives. This store has everything an individual needs for a complete wardrobe, including a full line of exotic Italian shoes, the highest quality jackets, pants, belts, cufflinks, watches, money clips, belts, hats, and ties. It features everything from designer Italian sportswear to high end, upscale jeans that are found in New York and Los Angeles; brands include: Levett, Stacy Adams, Detny, Marco Delli, Ted Baker, Mezlan, Kenneth Cole, Mavi Jeans, Hugo Boss, Playboy, Paperdenim & Cloth, Tateossian, Mondo, Save The Queen, Daszign, Ermenegildo Zegna, Damage, True Religion, Giorgio Armani, and Bacco Bucci.
An owner-operator and a part-time salesman can easily operate this business. The on-site tailor rents space within the store. The owner operates a haute-couture store across town, and is finding it difficult operate both stores to their potential. He will be happy to train the new owner to ensure continuity with customers and suppliers. As an alternative to the cash price, for the right buyer, the seller will accept $250,000 with half down and half carried. At the all cash asking price of $230,000, after subtracting $125,000 for inventory, we are only pricing the business at $105,000; which is 1.24 time annual cash flow!
For more information, including a valuation, please contact Len Krick, Broker, 702.856.4701.
Click Here To Contact Seller
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