Active
20 Year Sewing Shop
| Listing No: BBF-966-53315 | |
| Category | : | Retail Miscellaneous | SIC | : | 5949 | |
| Detail | : | Retail Store Sewing | Price | : | 350,000 | |
| County | : | Lee | Down | : | 350,000 | |
| State/Prov | : | Florida | Disc Earn | : | -2,245 | |
| Country | : | USA | Sales | : | 325,433 |
|
One of the oldest sewing shops in south Florida offering everything you need to make simple napkins to quilts and dresses. COVID brought sewing and the art of making textiles back into popular culture with people making their owns masks and PP clothing. This shop can outfit you with the materials and machinery you will need to create anything your mind can come up with. The business offers sewing machine sales, cloth, accessories, and classes to take care of all their customers needs. Great opportunity for someone that loves this hobby to go to work happy everyday. |
| Reason for Sale | : | RETIREMENT |
| General Location | : | SWFL |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 45 |
| : | Years Established : 18 Years Owned: 18 Emp FT: 0 Emp PT: 2 Mgrs: 0 | |
| Non Compete | : | Miles: 150 Years: 5 Weeks Training: 4 Cost: 0.00 |
| Operating dys/hrs | : | 10-5pm Tues-Sat |
| Skills/Licenses | : | Business experience |
| Business | : | Is Relocatable: Y Is Home Based: N Is a Franchise: N Is Lender P/Q: N May Qualify For Visa: N |
| Data Source | Tax Return | Tax Return | Tax Return | ||
| Year (Cash Flow) | 2022 (N) | 2021 (N) | 2020 (N) | ||
| Gross Revenue | 325,433 | 643,307 | 473,223 | ||
| Cost of Goods | 160,686 | 304,671 | 153,378 | ||
| Gross Profit | 164,747 | 338,636 | 319,845 | ||
| Expenses | 230,847 | 300,469 | 250,545 | ||
| Net | -66,100 | 38,167 | 69,300 | ||
| Owner Salary | 46,200 | 41,400 | 45,000 | ||
| Benefits | 10,237 | 20,148 | 13,471 | ||
| Interest Expense | 7,418 | 2,348 | 6,186 | ||
| Depreciation | 0 | 0 | 7,898 | ||
| Other | 0 | 0 | 0 | ||
| Discretionary Earnings | -2,245 | 102,063 | 141,855 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 100,000 | Y* | ___________ | 0 | N* |
| F F & E | 10,000 | Y* | Total Assets | 110,000 | Y* |
| Leasehold | 0 | Y* | *Included? |
| Lease/Month: 5,212 | Square Footage: 1,800 | Building Type: strip mall |
| Terms & Options: | Expiration Date: 8/31/2024 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
| GREGORY T. BELL | Office | : | (239) 849-9334 | |
| ASSOCIATE | Agent Direct | : | (913) 226-7735 | |
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Fax | : | ||
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | Cell | : | (913) 226-7735 |
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Greg Bell
Background information
Reference:
53315
Year established:
2005
Reason selling:
Retirement
Finance
Sales:
$325,433
Profits:
$79,730
Profit type:
Discretionary Earnings
Operations
Employees:
2 PT employees
Equipment:
All equipment is included in the sale
Inventory:
All inventory is included in the sale
Furniture fixtures and equipment:
All included in the sale.
Premises
Facility:
Shop is located in a busy retail plaza
Square footage:
1800
Rent and lease terms:
$5,212.00 per month 1 year left on lease
Location:
South Florida
Opportunities
Growth:
Growth through marketing and more of an online presence.
Market:
Market is growing with more people moving to Florida and the increased interest in sewing from COVID.
Price and terms
Price:
$350,000
Down payment:
$250,000
Financing:
Seller is willing to hold a small note for the right offer and buyer.
Training:
Owner is willing to train for up to 4 weeks