Business Summary:
This family-owned business was founded by the current owners in 1992 as a second career, and they have recently made the decision to retire. The family has built a loyal clientele over the past 17 years, and approximately 85% of the 2008 revenue was generated from “repeat customers.” The stores do not accept credit cards; all orders are pre-paid/cash. The primary plant/store location occupies 2000 sf in a high-traffic retail strip mall. The strip mall is located at the corner of two major intersections. Base annual rent is $11.00/sf and CAMIT is $2.66/sf. The satellite store occupies 800 sf. and is located in a high-traffic retail strip mall, also located on a major thoroughfare. Base annual rent is $26.96/sf and CAMIT is $5.11/sf. Both locations have high-visibility signage. All dry cleaning is conducted at the plant. All laundry services, including shirts, have been out-sourced to a wholesale launderer. Tremendous, additional cash-flow is available to the owner who elects to in-source shirt and laundry services. Both stores provide incidental alteration and sewing services. SELLER FINANICING: The seller may offer seller-carry for the right buyer(s). For more information, call the listing broker, Dave Hayes / Sunbelt Business Advisors at 847-605-1510 x235 or 773-837-4741 (direct).
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