Description of the business for sale
This wholesale distributor and retail store sells T-Shirts, Sox, Hosiery, Tank tops, Boxer Shorts, Underwear, and related accessories. Sixty percent of the sales volume is to other retailers in CA and neighboring states, 40% of sales volume is retail directly to the public. The parent company is a manufacturing firm that makes some of the product line, and the parent firm will sell to the new owner at the same discounted price that allows the company to be profitable on wholesale sales, and very profitable on retail sales. This location has been here for around three years, and is open six days per week, closed on Sunday. The landlord likes the business mix in this busy downtown main street type location, and and assuming the lease or putting a new lease in place for a credit worthy buyer should be a smooth process. This would be a great family business for several family members that want to work closely together and keep family members employed. Asking price is $120,000, with a down payment of $50,000 suggested. The balance of the selling price is proposed as a bank note of $60,000 for sixty months at $1304, 11% rate. Seller would also carry a note for $10,000, 12% rate, 36 monthly payments of $332.14, subject to credit approval of buyer credit by seller. To start the process of buying this business please call Lonnie Langdon at 310-539-8300 x 214.
Support / Training provided by seller
Seller will provide training
Description of the facilities
1,000 sq. ft.