Step right into profits! Over 33 years in business, this company sells school/medical/workwear uniforms. Part retail / part distributor, they market over 10,000 SKUs. SALE INCLUDES ABOUT $250,000 WORTH OF INVENTORY. With a centrally located storefront in Miami, sales are done in-person and online. 2024 gross revenue is expected to be around $670,000. Gross margin is 55% and SDE is 20%. They have an impressive presence in the Caribbean, catering to over 50 clients in 9 different territories. They have built supplier and client relationships are decades strong. This is a lean operation - the workforce includes the owner and 3 loyal employees. Employee salaries are competitive. Although Owner/Operator is retiring, he is willing to stay onboard for 4 months to ensure a smooth transition.
Miami, FL, 33142
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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