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Business Sales & Acquisitions

Mfr./Retailer/BtoB/Service/Repair

Price: $400,000

Location: New York, New York

Industry: Manufacturing

Listing ID: 00193

Talk about building a BRAND.  This Garment Center Institution started business in 1920 and has continued to embellish its reputation throughout the years with their impeccable attention to detail in servicing their many recognizable clients.

They are constantly sought out as experts in sewing machine sales, service and rentals.  But it doesn’t stop there.  Their space is filled with everything from mannequins to vintage sewing apparatus, with lights, lamps, buffers, stainless Mack Truck dogs, an assortment of vintage and antique pieces that run the gamut from industry to recreation to military, etc.  Do they rent props?  You bet they do! Some of New York’s billionaire families, celebrities, actors and artists have procured museum quality pieces of old world craftsmanship, antiques and collectibles from this company.

Their clients include retailers, the theater industry, fashion houses, Lincoln Center, and film and television set designers : Disney, the New York City Ballet, the Metropolitan Opera, the Roundabout Theatre, Marymount College, to name a few.

Listing Details

Gross Revenue: $100,000

Cash Flow: $10,000

Inventory: $250,000 (Included in Price)

Reason For Sale:

Seller is retiring

Training & Support:

Will provide as needed.

Operation

Year Established: 1920

Days & Hours of Operation: 5 days a week

Location

Monthly Rent: $ 5,050

Type of Location: Stand Alone

Square Footage: 5000

Facilities Information:

Store is filled to the brim with collectibles, antiques, repair parts for sewing machines, and other artifacts. Store is located on street level with a mezzanine and lower level.

Summary

Competition:

No competition.

Potential Growth:

This is a Brand name company built over 97 years known for its Sewing Machine sales/service/repairs and is perfect for foreign manufacturers or investors in the same field  that want a foothold into the U.S. marketplace.