Embroidery, Monograms Business for sale Metro Detroit MI Farmington Hills ( Michigan, US - 48332) Built

$75,000 USD
$75k plus inventory (Approx. $50k)

Enterprise Brokers

Vincenzo LoCricchio Vincenzo LoCricchio (586) 298-1240 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Size: 1,135 sq. ft.
  • Development Level: Built
  • MLS #: M87800036

Description

Price Reduced to $75k plus inventory (Approx $50k) Since 1930 this business has been providing Varsity Jackets, Sweaters, band jackets, as well as Corporate Wear, custom logos, custom embroidery and monograms. This is the Third Owner to Retire from this business. The business does no marketing as they have been deep in the local schools for close to a century. There is an upside for a tech savvy buyer to add an online store and possibly hire a salesperson to go after corporate branding business. All numbers on Schedule "C" Tax Returns.
Located in a fully occupied Strip Mall on a major road near Freeway with ample parking. Options and extensions to be negotiated as part of buyers due diligence. This 90 year old business does almost no marketing and no outside or online sales. A Tech Savvy Buyer could add both online and outside sales and add corporate branding services to grow the business. Seller will stay on for 2 week familiarization period at no cost and is open to working for buyer on a part time basis for an extended period .Reason for Selling: Retirement, this is the 3rd owner to retire from this business! Business only, No Real Estate.

Attachments

Brokered and Advertised by : Enterprise Brokers
P2#496177756
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The seller provides all data and financial information on the businesses and or commercial property for sale for informational purposes only. The broker does not warrant the above information and implores the buyer to seek the professional advice of a CPA and an Attorney when purchasing any business or property. This offering by the seller is subject to change or withdrawal without notice.