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Mens Clothing Store For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $655000
Net Profit / Cash Flow $295492
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2001
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description REDUCED ASKING PRICE: This is a really terrific men's store that caters to the tastes of the big and tall man with a wide selection of moderately priced merchandise. Located within walking distance of a major mall that not only attracts huge numbers of shoppers, they actually get referrals from the department stores who can't accommodate the big and tall guy.
This location has serviced this niche customer for over 42 years and carries all the major brands including Columbia, IZOD, Wrangler, Palm Beach, Hush Puppies, Giorgio Brutini Shoes, Deer Stags, Haggar, and Enro Shirts. Current styles and fashionable inventory worth $200,000 is not included in the asking price.
The store maintains the highest of credit terms with factors such as CIT, Rosenthal & Rosenthal and Wells Fargo. With 4 decades in the same location, they have a remarkable following of repeat customers.
They carry the gentleman's entire wardrobe including suits, sportswear, shoes, hosiery, belts and underwear. They even do a tuxedo rental business! They have a tailoring room, dressing room and lots of extra space for storage including a full basement. This is a very clean, very attractive store where all the merchandise is presented in an attractive and unobtrusive manor. Owner willing to stay on for 2-4 weeks. If you want a store where you can just walk in and be busy from day one this is the one!
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