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Desert Hills

  • Listing No.: 115-11006

  • Category: Service

Asking Price $52,500
Down Payment $0
Gross Revenue $108,000
Total Adjusted Net Income $60,000
Equipment / Fixtures $35,000
Year Established 2006
General Location Desert Hills
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Long-established, turn-key and nicely built out alterations and shoe/handbag repair shop. The business is located in a big shopping plaza at a busy intersection in North Phoenix/Carefree Area. The business is fully operated by a husband/wife owner team with extensive experience in these services. The ideal buyer would be the entrepreneur who desires their own operation and has the skill set to perform this service and absorb the owners’ responsibilities. Because of the excellent reputation and 5-star reviews, about 90% of the total business is form repeat and recurring customers including regular referrals from nearby drycleaner businesses. Sellers will help with buyer transition to ensure smooth customer shift to new owner. The buyer also has the option of either renting the space or buying the real estate at market value from the landlord.

Gross Revenue $108,000 Listed Price $52,500
Total Income $60,000 Down Payment $0
Base Rent $2,000 Square Feet 1000.00
Total Rent $2,000 Lease Expiration 4/2021
Rent Deposit $0 Lease Options Yes
Inventory $1,500 Leasehold Improvements
Equipment / Fixtures $35,000 Other Assets
Full-Time Employees 1.00 Training Period 2 weeks
Part-Time Employees 1.00 Special License Required
Contract Staff 0.00 Reason for Selling Retiring

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.