Step right into profits! Over 33 years in business, this company sells school/medical/workwear uniforms. Part retail / part distributor, they market over 10,000 SKUs. With a centrally located storefront in Miami, sales are done in-person and online. 2024 gross revenue is expected to be around $670,000, which includes online sales of about $250,000. Gross margin is 55% and SDE is 20%. They have an impressive presence in the Caribbean, catering to over 50 clients in 9 different territories. They have built supplier and client relationships are decades strong. This is a lean operation - the workforce includes the owner and 3 loyal employees. Employee compensation is competitive. Although Owner/Operator is retiring, he is willing to stay onboard for 4 months for a smooth transition.
- Asking Price:
- $625,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $670,000
- Cash Flow:
- $109,735
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Current Lease Expiration Date: 9/1/2026
3 year option to renew
Modified Lease
- Leasehold Rent:
-
$66,000 per annum
- Location:
-
On major corridor, centrally located in the heart of Miami.
- Premises Details:
-
The location consists to 2 large warehouse bays. The roof is concrete, with asphalt/tar paper. Concrete block construction. 2, 10' front metallic rolling shutter doors (ground height), along with 1 retail door. The majority of the space is designed for retail setting with shelving and racks. Back of warehouse has large storage racks for inventory and storage. One office and one private bathroom in back.
- Size in square feet:
- 3,800
Business Operation
- Expansion Potential:
-
With growing importance placed on health and education, the workwear and school uniform industries will see similar growth trends for decades to come. There is immense opportunity to grow the online sales sector of this business, along with growing their presence in the Caribbean nations.
- Competition / Market:
-
The uniform, workwear and other related clothing market has an estimated value in the United States of approximately $10.6 Billion in 2022. As stated by Globe News wire, The North American school uniform market is expected to grow from $3.2 Billion in 2021 to $4.7 Billion by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.
- Reasons for selling:
-
Owner/operator is retiring.
- Trading hours:
-
Mon-Sat, 9:30AM - 6:00PM
- Employees:
- 4
- Years established:
- 33
Other Information
- Support & training:
-
Owner is able to stay onboard for approximately 4 months, with reasonable compensation.
- Furniture / Fixtures value:
- $70,000 - included in the asking price
- Inventory / Stock value:
- $250,000 - included in the asking price
- Website:
- Login or register to view link
- Relocatable:
- This business can be relocated
