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. 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, offer deliveries and additional lines, you have HUGE potential to the already solid high cash flow! Plenty of warehouse floorspace that can be sub-leased for additional income or expand current operation with additional services. 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. Seller will train and entertain all reasonable offers!
*Owner will entertain short-term Seller Financing terms to a qualified Buyer.
- Asking Price:
- $500K - $1M Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1M - $5M
- Cash Flow:
- $250K - $500K
Property Information
- Real Estate:
-
Lease
- Location:
-
Wayne County
- Size in square feet:
- 20,000
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
A new owner/operator with some creative adverting/marketing along with adding an online store, shipping nationwide, expanding the hours, offer 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 expand current operation with additional services. Buyer can buy the business w/wo property.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Mon-Sat / 12pm-5pm
- Employees:
- 5 PT
- Years established:
- 1923
Other Information
- Support & training:
-
Seller will train
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner will entertain short-term Seller Financing terms to a qualified Buyer
- Inventory / Stock value:
- $500,000 - included in the asking price
