Landmark Vintage Clothing And Accessories
Location New York,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $938730
Net Profit / Cash Flow $381026
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1973
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Seller Will train
Reason for Sale Personal
Description The owners of this NYC LANDMARK 12,000-square-foot AUTHENTIC VINTAGE CLOTHING AND ACCESSORIES RETAILER are ready to ride off into the sunset of their retirement, but not before they show you the ropes. You can purchase the store's 25% BELOW MARKET RATE 9 YEAR LEASE with a 5 YEAR OPTION TO RENEW, its ONE-OF-A-KIND INVENTORY VALUED AT $10M PLUS, and the GOODWILL OF A NAME KNOWN AROUND THE WORLD for only $3.5M. While its diverse customer base includes tourists, designers, celebrities, models and film/theater/TV wardrobe departments, its bread and butter are people walking off this bustling street. You will be able to further capitalize on this TREASURE TROVE OF INVENTORY through click-and-mortar marketing and merchandising initiatives yet to be explored and exploited. Owners are willing to consider separate offers for the lease, inventory and/or goodwill of the name. PROOF OF FUNDS A MUST!
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