Active
Well-Known Franchise Clothing Store in the New Orleans Metro Area
Duran Advisors presents this well-known franchise clothing store in the New Orleans metro area. The store has frontage on a major four-lane road in the heart of a prime shopping district. The space is efficiently laid out and presents well to its clientele. The owner is selling the business because they wish to retire.
The franchise has mapped out all the details necessary to run the daily operations. The store is truly turn-key. The franchise will train a new owner to run the business and it must approve all buyers. This company is the market leader in its respective niche. Its unique business model actually performs better in a down economy. This company is perfectly positioned for the looming recession.
The business is an excellent candidate for SBA financing with a long history of high profitability. The owner may even finance a potion of the sale price for a well-qualified buyer. A Matterport 3-D Virtual Reality scan of the property and 30+ page Confidential Business Review are available to fully disclosed buyers.
Come and visit this impressive operation, meet the owner, and make an offer.
Contact Joel F. Duran, CM&AA, CEPA, CMSBB for more information.
Listed By: Joel Duran, CM&AA, CM&AP, CEPA, CAIM, CMSBB
Background information
Reference:
NOLA-0046
Year established:
2013
Reason selling:
Retirement
Finance
Sales:
$1,155,349
Profits:
$200,000
Profit type:
Discretionary Earnings
Operations
Employees:
Full-time: 11 Part-time: 5
FF&E:
$190,000
Inventory:
$120,000 but may experience seasonal fluctuations
Premises
Facility:
The facility is well organized, neat, and clean.
Square footage:
~4,198
Rent and lease terms:
$9,695.10
Location:
The business is located in a prime shopping district on a major thoroughfare.
Opportunities
Growth:
The U.S. is currently heading towards a potential recession. This store's unique market position will actually allow it to increase market share in a down economy.
Price and terms
Listed Price:
$649,000
Financing:
The business is an excellent candidate for SBA financing. The owner will consider a small amount of owner financing for a well-qualified buyer.
Training:
The franchise has a full training program for new franchisees. Additionally, the owner will give up to a two-week training & transition period. After the two weeks, the owner will be available by telephone if needed.