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Palm Beach County

  • Listing No.: 109-10409

  • Category: Commercial

Asking Price $159,000
Down Payment $159,000
Gross Revenue $195,084
Total Adjusted Net Income $76,501
Equipment/Fixtures $10,000
Year Established 1979
General Location Palm Beach County
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40 Years Established Sewing Machine and Vacuum Cleaners Company for Sale. This unique, easy to run, and very profitable niche business sells and repairs specialty industrial-type sewing machines and vacuum cleaners. Company operates out of a retail storefront where there's plenty of walk-ins with repair-room area in the back. Same family has operated for 40 years and owner is now retiring. Will train buyer in how to repair. Company services from Boca to Ft Pierce. About half the business is sales and half is repair. Large customer clients (which is about half of total revenue) include boat companies, schools, auto shops, cleaning companies, and upholsterers. Buyer can hire mechanic and focus more on running the store and increasing marketing activity.  Reasonable rent of just $1800/month and owner benefit (not including cash sales) of $76K.  Very few competitors in this special niche business. Please contact Martin Berliant at 561-827-1181 or email for more information. Non-disclosure form is required.

Gross Revenue $195,084 Listed Price $159,000
Total Income $76,501 Down Payment $159,000
Base Rent $0 Square Feet 1500
Total Rent $1,800 Lease Expiration 12/2019
Rent Deposit $0 Lease Options
Inventory $20,000 Leasehold Improvements
Equipment/ Fixtures $10,000 Other Assets
Full-Time Employees 0 Training Period 30 days
Part-Time Employees 1 Special License Required None
Contract Staff 0 Reason for Selling retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.