Free Consultation 212-473-5000
Business Sales & Acquisitions

Fabric Store – Midtown West NYC

Price: $1,500,000

Location: New York, New York

Industry: Retail

Listing ID: 00100

This fabric store is in a prime location between two heavily populated avenues and is near Penn Station (a major transportation hub) in Midtown West NYC. It is surrounded by other local businesses, shops, offices, and residential buildings which ensures high traffic to this business. With three fully stocked floors, they sell an extensive and varied range of high quality imported fabrics.

Listing Details

Gross Revenue: $2,500,000

Cash Flow: $500,000

Inventory: $1,000,000 (Included in Price)

Reason For Sale:

Seller is moving out of state.

Training & Support:

Will be provided as necessary.

Operation

Year Established: 1992

Days & Hours of Operation: 5 days

Non-Owner Payroll: $24,000

Employees: 3 FT, 3 PT

Location

Security on Lease: 62000

Lease Option: 5 years left on the lease and a 5 year option

Monthly Rent: $ 17,500

Square Footage: 8500

Facilities Information:

8,500 sq. ft. between 3 floors.