Location: UES Upper Eastside Manhattan NY.
This drop store and tailor is located in an excellent area, and they have an excellent reputation. A good size at 350 sf, the monthly rent is $4,100, and the lease expires 2018 with a 5 year option, after that may be negotiated with landlord.
Established business was there for 30 years and current owner for 10 years. Sales are $300,000. Net profit is 150,000. Asking price is 299,000. This is a nice clean shop in an excellent busy neighborhood! Excellent clientele! No problems.
It is a drop store and tailoring. There is a big opportunity to increase sales via owner working there full-time, internet, advertising and other methods.
Sale includes furniture, fixtures, and equipment. Turn key business includes everything you need to start your business.
Owner wants to retire after more than 30 years in the industry. Seller will provide training and support if necessary.
Seller prefers an industry experienced buyer.
Possible owner financing is negotiable. Contact Broker - Roy at 914-777-1225. Thank you.
Serious Inquiries Only. No Brokers. No disappointments guaranteed. This is an operating business, so do not contact the establishment or employment for information.
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial &/or legal advisor with regard to this information.