40 yr Established women's Glove Designer/Major Accounts - Manhattan Based

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Mid town Manhattan

  • Listing No.: 206-00001

  • Category: Wholesale

Asking Price $510,000
Down Payment
Gross Revenue $656,000
Total Adjusted Net Income $23,000
Equipment / Fixtures $18,000
Year Established
General Location Mid town Manhattan
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40 years old, highly respected Italian Women's leather glove designer looking to retire. Business needs new energy for trade shows, Marketing and utilizing her 40 plus relationships with many of the major Brands in the industry.

Gross Revenue $656,000 Listed Price $510,000
Total Income $23,000 Down Payment
Base Rent $6,180 Square Feet 1640
Total Rent $6,180 Lease Expiration 12/2023
Rent Deposit $13,506 Lease Options 5 Year lease
Inventory $100,000 Leasehold Improvements
Equipment / Fixtures $18,000 Other Assets Inventory only
Full-Time Employees 1 Training Period 3 months
Part-Time Employees 1 Special License Required
Contract Staff Reason for Selling Owner retiring after 27 years in business

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written ization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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