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BUSINESS FOR SALE - PROFILE #  ABB006-084

Top of the Line Tuxedo and Bridal Gown Stores
Large Central Illinois Communities
Asking Price: $899,000   Down Payment: $899,000  
Gross Revenue: $989,995   Adj. Cash Flow*: $215,576  
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Executive Summary
"Top of the Line"  independent Illinois Tuxedo and Bridal Gown business. Fantastic leased locations in both markets.  Perfect turnkey and entry business for a buyer looking to enter the industry for the first time or experienced operator. Great market share!!!!! Sales for 2009 $1,066,300. Sales for 2010 $989,995 with a profit of $127,327 plus an owners draw of $3,000 per month.  Assets include fixtures and equipment (both locations recently remodeled), tuxedos & bridal inventory, trade names and websites. Excellent staff in place along with all the necessary marketing, inventory and computer systems for a smooth transition. Seller will provide training to a new buyer and be available on a consulting basis, if needed. Established in 1990. Owner is retiring! The Seller has really turned this business around with a substantial profit for 2010.

Acquisition Highlights

  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)
Established in: 1990 Inventory: $947,000 Included
Employees: 6 FT, 8 PT , 2 Mgrs Furniture, Fixtures & Equipment: $93,000 Included
Real Estate:
Building Sq Ft: 4100/3100 Other: $60,000
    Total Assets Included in Sale: $1,155,500
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:
Contact:  Brian Barkley
Phone:  (309) 679-1560
Fax:  (309) 679-1562
Other:  (309) 219-1200
E-mail:  Brian@AmericanBusinessBrokers.com 		American Business Brokers - Peoria, IL
300 E. War Memorial Dr. Suite 306
Peoria, IL 61614
www.americanbusinessbrokers.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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