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Premiere Furrier In The Chicagoland Area
Location: United States -> Illinois -> Cook County
Industry: Retail > Clothing and Footwear Retail




Business Summary

This listing is for a highly profitable furrier located in the Chicagoland area that is available to a qualified buyer. This business offers a buyer a yearly income of over $300,000 and they have been an established fixture in their marketplace for over 25 years. This well-established company specializes in the sale of luxury fur coats. They feature mink, fox, chinchilla, sable, rabbit, raccoon, cashmere and more in a wide variety of styles, colors and textures. The business also offers a wide variety of fur accessories and storage options as well as repair services. The storage options feature quality methods that offer proper temperature and humidity in a space-friendly size. These storage options and their repair services make up a large portion of their business and garner many repeat customers. This is a highly successful business in its field and they have a fantastic reputation in their marketplace with their high-end, affluent clientele. This is the premiere destination for furs across Illinois and the Midwest at large. In addition to their consistently strong revenues and cash flow, over $3,000,000 in asset value is to be transferred with the sale of this business. This includes their prime real estate and inventory. If you would like more information about this business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone or online. Online inquiries will be replied to with an email from an @marvingroupllc.com address with an NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us within 24 hours (weekdays), please contact the agent by phone. Asking Price: 3,650,000


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $1,580,251
Cash Flow:   $305,809
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,646,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1989
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will train the buyer for 4 weeks.
Reason For Selling:  Retirement




Print Listing Id: 700371339
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Also See: Franchise Opportunities > Franchise Resales > Illinois Businesses For Sale > Illinois Franchises For Sale > Illinois Business Brokers



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