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Prof. Apparel Business - Seller financing avail for Sale in New Haven County

Reference #: 41980013
Location: New Haven County
Price: $79,000
Amount Down: $35,000
Revenues: $218,010
Discretionary Earnings: $17,867
Total Assets: $30,000
Business Description:
This company has been selling professional apparel since it's founding in 1992.  Original owner focused entirely on the medical community.  The current owner purchased it in 2006 and has subsequently grown sales 25% annually by expanding into other markets that also need professional apparel including culinary, hotel, beauty salon and other corporate markets.  Sales continue to grow even in this slow economy. The business has good relationships with all the area and state educational institutions serving these market segments so that students from these schools start buying from them as soon as they graduate and continue to do so through the rest of their career. The business operates out of an attractive 1500 sq. ft. store in a mall located on a busy thoroughfare.  While much of their business is derived from outside sales efforts, the business has a significant walk-in trade as well.  Current owner is in the process of signing on one or more independent sales agents to further develop their outside marketing as they believe this is key to continuing penetration into other markets and driving sales growth.  They have also started a new emarketing effort which if supported will provide an additional avenue for revenue increases.  While the business does not show a great deal of profitabilty now, it will do so as their marketing efforts gain more penetration.  Increased sales will allow the business to better leverage their overheads. 

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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.