Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Long Est Leather Store in Prime Location
(Retail)
Dallas, Texas
Listed Price: $ 95,000
Listing ID: 000744

Listing DetailsDown Payment: $ 77,500
Gross Revenue: $ 195,000
Cash Flow: $ 60,000
FFE: $ 11,000 (Included in Price)
Inventory: $ 60,000
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime mall location leather clothing store placed in high foot traffic area is available for acquisition. This business was originally established nearly two decades ago in 2000 by the current owner of the business. Most of the customers are middle-class men with a small mix of women that live in the surrounding densely populated residential neighborhoods as well as some tourists that is visiting the DFW metroplex. Net sales average was $215,000/year that has been steady due to some marketing done online through discounts and clearance sales promoted monthly. Although not much marketing is done for this business other than online discount promotion and word of mouth, other proactive marketing methods is available to maximize income potential as well as increasing the customer base by bringing in individuals from untapped areas. Competition is expected for any retail business within the clothing industry, but this business has the best price point for the quality of their products and has operated in the same location for nearly two decades with consistent income. There are many ways to proactively market this business such as direct mailing, coupons, social media outlets, business website, online store and updated interior design. Interior design needs to be updated to a more modern look as the facility currently looks a little outdated compared to other new clothing stores. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

Few competitors are within the immediate market area, but this business provides the best price for the quality of leather clothing compared to the cheaper products that the competition currently carries.


Potential Growth:

There is no marketing in place except for promotional discounts and sales.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2383
Facilities:

This business is located in a 2,384 SF space of a well-known mall that has consistent foot traffic and visitors from the surrounding retail businesses.


OperationYear Established: 2000
Employees: 2PT
Absentee Owner: No