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.