Asking Price: $750,000

Gross Revenue: $743,947

Cash Flow: $195,000

Inventory: $236,000 (Included in Asking Price)

FF&E: $300,000 (Included in Asking Price)

Real Estate: $200,000 (Included in Asking Price)

This furrier has been in existence since 1918. The current owner bought the business 15 years ago. They moved to the existing location in July of 2004.

The lease is good thru 11-30-2012. The rent is $5,300.00/m. including CAM. They have a five year option at $5,170.00/m + CAM.

Hours of operation are Monday thru Saturday 10:00 AM to 6:00 PM. Closed on Sunday.

They have 1 full time employee and 3 part time employees. There is one key individual that does alterations as well as sales. His salary is $50,000.00 per year. They have the capability to do repairs and alterations on all of the furs and accessories. They also have the equipment to do the cleaning and the have a very large storage facility.

The storage facility was built in the year 2000 in North Ridgeville, Ohio 44039. The taxes are $1,472.26 per half year. It is approximately 2,100 sq. ft. and they can store 4,500 coats. Their fee for storing a coat is $35.00 per calendar year and the fee for cleaning a coat is $50.00.

Since the building is in a condominium setting there is a monthly maintenance fee of $103.00

The business has a fiscal year April 30th thru May 1st..
The asking price of $750,000 includes Inventory at Cost of $236,000.00, the storage property in North Ridgeville, Ohio, a 2007 Chevrolet Suburban, a 2004 Dodge Sprinter cargo Van as well as the Name and goodwill that includes a client list with 5,500 names, this list is updated twice a year.

At the time a buyer takes possession of the above business all of the assets will be paid for and a deed or title will pass to the new owner free and clear of any debt.

Year Established: 1918

Employees: 1 full time - 3 part time

Reason For Selling: New career opportunities.