This is a great opportunity to own a 100-year-old Retail/Wholesale Clothing Distribution Company in Wayne County. Established in 1921 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. The current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding an online store, shipping nationwide, expanding the hours, offering 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 to expand the current operation with additional services. The buyer can buy the business with or without the property. A turn-key operation that will not disappoint! A must-see/must-have business that will not last long. The seller will train and entertain all reasonable offers!
*Owner will entertain short-term Seller Financing terms to a qualified Buyer.
- Asking Price:
- $1,200,000 Inventory / Stock included
- Sales Revenue:
- $1,030,856
- Cash Flow:
- $370,520
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Established in 1921 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.
- Size in square feet:
- 20,000
Business Operation
- Expansion Potential:
-
Established in 1921 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.
- Reasons for selling:
-
Retire
- Employees:
- 5
- Years established:
- 103
Other Information
- Support & training:
-
seller will train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
SBA/Bank Financing
- Inventory / Stock value:
- $800,000 - included in the asking price
