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Los Angeles, Los Angeles County, California
Asking Price
$1,650,000
Revenue
$1,217,400
Down
$650,000
Cash Flow
$377,400
Name: Joey Kim
Phone: Show phone number
Name
Joey Kim
Phone
Show phone number
Posting ID:
281498
Attributes:
License (Liquor, etc.)
Real Estate Included
SBA Loan Pre-Qualified
Semi Absentee Run
Training And Support
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Call/Email
This Upscale Men’s Clothing Store Was Established Over 40 Years Ago, When Its Founder, An Ambitious Young Tailor, Emigrated From Italy. In The Years That Followed, He Built One Of The Finest Men’s Clothing And Custom Tailoring Business In Southern California! The Shop Sells Designer Suits, Sports Coats, Slacks, Sweaters, Ties, Dress Shirts, Outer Wear And Shoes Imported From Italy, Canada, Germany, And France. It Also Sells Top-Quality Casual Wear Such As Tommy Bahama, And Sells And Rents Tuxedos. Approximately 10% Of Sales Comes From Its Custom Tailoring Of Shirts, Slacks, Pants, Casual Clothing And Suits. The Owner And His Very Long-Term Employees Provide Such A High Level Of Customer Service, That The Affluent Clientele Are Not Only From The Southland, But From Out Of State! Even Celebrities Stop In For A Bit Of Custom Tailoring! The Store Has A Very Strong Brand-Name, As Well As An Excellent Reputation For Its High-Quality Clothing And Service, That It Has Very Little Competition. As The Owner Only Works 10-15 Hours Per Week, The Business Is Run Quite Successfully With The Manager, The Owner’s Son, And The Loyal, Long-Term Employees. The Owner Is Selling Due To Retirement And An Illness In The Family. Approximately 750,000 In Inventory Is Not Included In The Sales Price, But Is Available At An Additional Cost.
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