Retail/Wholesale Clothing Distribution

Reference Code 0671

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 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. 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!
*Seller will consider Land Contract terms to qualified Buyer for Package of Business & Real Estate.

Business Location Wayne County, MI

Gross Sales $1,189,081 Cash Flow $363,436.11 Business Price $1,200,000 Down Payment Seller Financing/SBA/Bank Financing Monthly Payment Negotiable Interest Rate / Amortization Negotiable License Required Sales Inventory Value $800,000 Employees Part Time 5 Date Established 1923 Hours of Operation Mon-Sat 12pm-5pm Rent $10,000 NNN Lease Period New Lease Required Real Estate $2,500,000 / Land Contract/SBA/Bank Financing Reason for Sale Retirement