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Memphis Metro Landmark Niche Clothing Retailer
This well-established business has been a distinguished presence in the retail market for over 50 years. Located in a thriving area of Memphis Metroplex, the store serves a vibrant community and numerous families throughout the region. Known for its exceptional customer service and high-quality products, the business has built a solid reputation and a loyal customer base. The store consistently receives excellent reviews for its extensive selection, catering to families. The business is synonymous with superior product offerings and exceptional customer care, meeting the high standards of the wider Memphis community. For anyone looking to invest in a reliable and esteemed business in the retail space, this store presents a prime opportunity. This is a rare chance to own a respected and successful establishment with a proven track record of excellence and customer satisfaction.
Listed By: Lawrence Thompson
Background information
Reference:
N215-JP
Year established:
1966
Reason selling:
Retirement / Moving
Finance
Sales:
$550,984
Profits:
$116,566
Operations
Inventory:
138,000
Furniture fixtures and equipment:
5,100
Premises
Rent and lease terms:
Leased space
Location:
Memphis Metroplex
Opportunities
Growth:
Growth Potential.
Price and terms
Price:
$300,000
Financing:
Seller financing up to $30,000.
Training:
Seller is willing to stay to transition the operation for as long as is needed.