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Tailor Shop in a High Traffic Area

Somerset County, New Jersey

Asking Price: Gross: Cash Flow:
$39,000 $40,500 $27,625

Furniture and Fixtures Value:
$20,000 (included in the asking price)

Inventory Value:
$200 (included in the asking price)

Business Summary:
Expert Tailor Shop in the heart of a bustling town. Lots of "foot" traffic. Plenty of free street parking along with a back lot. Very competitive pricing for high quality work. Furniture, Fixtures, & Equipment valued @ $20,000 included in sale. Landlord is willing to offer a long term lease to qualified buyers. A new owner can expand the stores' hours by being open more days along with having 1 or 2 "late" nights. It'd be advantageous to do more advertising & also some promotions to increase profits. Some additional church bulletin advertising would be a plus. Contact Seth Kain @ 201-317-4710 for additional information & showing.

 
   
   
Year Business was Established: 2
   
Number of Employees: 1PT  
   
Facilities / Terms of Lease: 650 sq. ft.; all Furniture, Fixtures & Equipment are in very good condition & are included in sale. Small parking lot out back along with plenty of free street parking. The present owner has a 5 year lease with 3 ½ years remaining. Landlord will offer a long term lease if a new tenant prefers that.  
   
Potential Growth/Expansion: A new owner can expand the stores’ hours by being open more days each week. Increasing advertising & promotions should increase revenue & profits. It’d be a good idea to advertise in more church bulletins, which the present owner has been doing.  
   
Competition: Very minimal area competition.  
   
Owner willing to finance: There’s no owner financing available at this time  
   
Owner willing to train: A minimum of 2 weeks at no cost to new buyer.  
   
Reason for selling: Owner needs to devote more time for her family  
 

 

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