Award Winning Retailer of Fashion Apparel for the Healthcare Community

Contact: Tim Carter
Phone: 616-560-1080
Email: [email protected]
Your Reference ID: TC2040918

Description:

It has been a great 15 year run for the founders/owners/sellers of this successful West Michigan retailer of fashion apparel for the medical community. Operating out a 2400 square foot leased facility, this very attractive store has an excellent location in a desirable city. The business was recently voted regional retailer of the year by the Uniform Retailers Association.

The customer base is 60% walk-in and 40% corporate with the business’s list of corporate clients reading like a Who’s Who in the West Michigan healthcare community. The business offers a broad selection of leading lines, designs, sizes, and colors. In addition, the business offers a variety of shoes and accessories.

The business is run by the two owners and two part-times, all four working just part-time. The store is only open 48 hours weekly so a new owner offering extended hours would seem like an obvious and low cost approach to increase sales.

Over the past four years, the business has averaged $425,000 of annual sales with average annual SDE (seller’s discretionary earnings – the normalized cash flow available to pay an owner operator and service debt) of $50,000. The business is being offered for $225,000 and includes in that price $50,000 (at cost) of current, salable seasonably appropriate inventory. In addition, the sellers will carry a meaningful seller note for a qualified buyer.

For more information on this attractive business opportunity, please contact Tim Carter (tcarter@praxisbusinessbrokers.com or 616-560-1080).

Location(s): West Michigan

Asking Price: $225,000
Cash Flow: $50,000
Gross: $425,000
Inventory: $50,000

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