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Academy Tailor Shop

Pasadena, CA
Asking Price:$90,000
Gross Revenue:$90,000
Rent:$1,100/Month
FF&E:$20,000
Cash Flow:$75,000
Inventory:$12,000
EBITDA:$90,000
Established Year:1986
Listing ID: 2304905Listing provided by BizBuySell
BUSINESS DESCRIPTION

39 Years established Tailor shop with extensive clientele

Hello! If you are looking to purchase a business that makes around $75,000 take home revenue per year with only one employee then this is the buy for you. Noe's Academy tailor shop sits on busy and beautiful Colorado Blvd in Pasadena. The shop has a wonderful natural lighting and 3 store fronts. The workload is never short, in all seasons there is demand for suit, pant, and dress alterations which is the majority of work done. Purchase of the shop comes with all machinery, tools, threads, dressing rooms, and extensive inventory of sellable ties, dress shirts, and cufflinks, totaling about $32,000. Rent for as long as we can get you in on it is $1100 a month for 1176 Sqft, two bathrooms, 4 large spaces, and 3 storefronts. Now is the best time to buy! Interest rates just went down and if you need a loan its very cheap right now.

DETAILED INFORMATION
Location
Pasadena, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,176
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Dressing rooms, mirrors, glass display cases, counter tops, sewing machines, threads, a variety of expensive dress clothes, plenty of room to hang clothes on racks, sofas, chairs, plenty of tables. Shop has two nice storefronts and then a third opening to the street to the side as well.
Competition
There is so much demand for this work that you will always have work. Business is in a prime, WEALTHY, location as well.
Growth & Expansion
If you added a second tailor you could take on more work and honestly double revenue. We do not have the capacity to do it at this time.
Financing
Would like most of the money paid up front, some financing available.
Support & Training
Willing to introduce you to long time customers for about two months. Would prefer an experienced tailor to take over.
Reason for Selling
Retirement
BUSINESS LOCATION
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Carlos Jaime
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Carlos Jaime
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