MergerPlace

Successful Retail & Online Clothing

Virginia


  • Asking Price: $890,000
  • Gross Income: $1,821,058
  • Cash Flow: $256,604
  • Real Estate: Not Disclosed
  • Inventory: $400,000
  • FF&E: $25,500
  • Listing ID: #205279
  • Established: 1936
  • Employees: 4 FT/ 8 PT

Business Description

This single location store was started 80+ years ago and has become a part of the fabric of the community in which is located. This store carries clothing lines focused on the outdoor, industrial rugged workers who need specialized clothing for any weather they encounter. The company has also adjusted to today's market trends by having a heave online presence and selling through their website while also offering a brick and mortar retail space for customers who still want to see, feel and try on merchandise before purchasing items they need. From commercial/industrial clients to the small business owner to the weekend warrior the company has earned the trust and respect of their customers over the years evidenced by their loyal following, experienced staff and years of service to the community.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Virginia

Company Information

Year Established: 1936
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT/ 8 PT

Financial Information

Asking Price: $890,000
Gross Revenue: $1,821,058
Cash Flow: $256,604
FF&E: $25,500
Inventory: $400,000
Seller Financing Available: No

Property Information

Facilities:

The store is located in 7,000+ square foot facility within the city limits of a large city located in the heavy Northern Virginia region. The business is known for its ease of access for customers with plenty of parking available.

Growth & expansion opportunities:

The retail clothing industry is one that does evolve and change. Keeping up with those trends always offers new ways to create income streams and get creative on growth opportunities.

Competition:

There is competition, however none of the competing stores have the history. Competitors seem to come and go however the businesses and customer base has a great loyalty to the store. The store has also adjusted to the market's online trends. It is hard to match the employees, experience, culture and location that this business has achieved.

Reason for selling:

After being in the business for 4 decades, the Business Owner has decided to pursue one last career change and challenge prior to retirement.

Support & Training:

Will train for 4 weeks @ no cost. Work Boots - safety toe (steel and composite) and insulated/regular styles for men and women Western Boots - Men, Women and Children Work Wear and Rugged Outdoor Clothing / Scrubs / Jeans Men's and Women's Apparel and Accessories Western Clothing and Accessories Fire Retardant and High Visibility Clothing

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Business Listed By:

Richard Halterman

Murphy Business Brokers