Retail/Wholesale Clothing Distribution

Wayne County, MI

Seller Financing Available

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Asking Price:$1,200,000
Gross Revenue:$1,189,081
Rent:$10,000
Cash Flow:$363,436
Inventory:$800,000
Established Year:1925
BUSINESS DESCRIPTION

This is a great opportunity to own a 100-year-old Retail/Wholesale Clothing Distribution Company in Wayne County. Established in 1923 and in its current location since 1960, this 20,000 sq ft business has been supplying garments to State of Michigan, Detroit Public Schools, Detroit Works, Salvation Army, Hospitals, Churches and Municipal Uniforms. Current clothing lines include Dickies, Carhartt and more. Current owner does no advertising…a new owner/operator with some creative adverting/marketing along with adding an online store, shipping nationwide, expanding the hours, offer deliveries and additional lines, you have HUGE potential to the already solid high cashflow! Plenty of warehouse floorspace that can be sub-leased for additional income or expand current operation with additional services. Buyer can buy the business w/wo property. A turn-key operation that will not disappoint! A must see/must have business that will not last long. Seller will train and entertain all reasonable offers! Call Armen Nazarian Business Brokers
*Seller will consider Land Contract terms to qualified Buyer for Package of Business & Real Estate.


DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
20,000
Employees
5
Facilities
Established in 1923 and in its current location since 1960, this 20,000 sq ft business has been supplying garments to State of Michigan, Detroit Public Schools, Detroit Works, Salvation Army, Hospitals, Churches and Municipal Uniforms. Current clothing lines include Dickies, Carhartt and more.
Growth & Expansion
Current owner does no advertising…a new owner/operator with some creative adverting/marketing along with adding an online store, shipping nationwide, expanding the hours, offer deliveries and additional lines, you have HUGE potential to the already solid high cashflow! Plenty of warehouse floorspace that can be sub-leased for additional income or expand current operation with additional services.
Financing
Land Contract/SBA/Bank Financing
Support & Training
Seller will Train
Reason for Selling
Retire
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Armen Nazarian