Contact: Glen Toadvine
Email: [email protected]
Your Reference ID: GT1052217
We are pleased to offer a terrific specialty business concentrating in retailing medical uniforms from its five Michigan locations. The owner has reached retirement age and as such is ready to sell the business. This retirement opens up an excellent opportunity for a new owner-operator who will inherit a full staff to run all stores on a day-to-day basis.
Gross profits have historically been an attractive 50% with 2016 reaching a high water mark of 52%. 2016’s sales nudged $1.2 million while recording a SDE (seller’s discretionary earnings – the historical, normalized cash flow available to pay any owner-operator and service debt) of $212,000. The business is listed for $425,000, a favorable 2.0x SDE. Inventory of $240,000 is additional. Four locations are leased while one location is company owned. This location can either be leased under favorable terms or purchased by the buyer.
There appears to be significant opportunity to expand the business through (a) servicing customers in other industries (the business currently is only selling to customers in the medical industry), and (b) developing an online market presence. The business has an excellent POS system, and is in the process of developing online sales potential which the current POS system supports.
To learn more about this outstanding, niche business opportunity (for which the owner will help qualified buyers with a meaningful seller note), please contact Glen Toadvine (email@example.com).
Location(s): Central Michigan, Metro Detroit
Asking Price: $425,000
Cash Flow: 212000