Business Summary

Asking Price: $1,100,000
Seller will carry with $500,000 down

Financials
Gross Sales: $97,000/mo
Net Profit: $17,000 /mo
Annual Net Profit: $204,000

Property Info
Rent: $5,700 /mo.
Expires: 4/30/14
Option(s): Seller will get longer lease Terms

Textile Import and Distribution business established 27 years . Seller retiring. Business is located in a 6000 sq ft facility in the garment district area of Los Angeles. Seller buys fabric from overseas, imports and distributes to clothing manufacturers in area. Business was down slightly in 2013 as a result of Seller's health problems. Seller had a back operation and sales are expected to return to the $100K month level.

Organization:
The business is organized as a S-Corporation. It was established 27 years ago and the current owner has been in place for 27 yrs. It employs full time employees and 1 part time employees. Licenses required for operation: Business.

Property Details

Other Business Details

Business Operation Details