Premiere Furrier In The Chicagoland Area

Cook County, IL
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Asking Price:$3,650,000
Gross Revenue:$1,580,251
FF&E:$146,000
Established Year:1989
Cash Flow:$305,809
Inventory:$1,500,000
Real Estate:$1,500,000
BUSINESS DESCRIPTION

This listing is for a highly profitable furrier located in the Chicagoland area that is available to a qualified buyer. This business offers a buyer a yearly income of over $300,000 and they have been an established fixture in their marketplace for over 25 years. This well-established company specializes in the sale of luxury fur coats. They feature mink, fox, chinchilla, sable, rabbit, raccoon, cashmere and more in a wide variety of styles, colors and textures. The business also offers a wide variety of fur accessories and storage options as well as repair services. The storage options feature quality methods that offer proper temperature and humidity in a space-friendly size. These storage options and their repair services make up a large portion of their business and garner many repeat customers. This is a highly successful business in its field and they have a fantastic reputation in their marketplace with their high-end, affluent clientele. This is the premiere destination for furs across Illinois and the Midwest at large. In addition to their consistently strong revenues and cash flow, over $3,000,000 in asset value is to be transferred with the sale of this business. This includes their prime real estate and inventory. If you would like more information about this business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone or online. Online inquiries will be replied to with an email from address with an NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us within 24 hours (weekdays), please contact the agent by phone.


DETAILED INFORMATION
Location
Cook County, IL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,000
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seller owns the real estate (showroom/workshop) and it is valued at $1,500,000. Included in the asking price. Office Space 1,000 sq ft. Retail & Storage 7,000 sq ft.
Competition
Excellent Reputation, Superior Products, Loyal Customers, Competitive Prices
Growth & Expansion
Add trunk sales in other cities, expand marketing & marketing territory, add new services and products.
Support & Training
Owner will train the buyer for 4 weeks
Reason for Selling
Retirement
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