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South Charlotte NC

  • Listing Number: 203-20729

  • Category: Retail

Asking Price $550,000
Down Payment
Gross Revenue $864,397
Total Adjusted Net Income $181,414
Equipment / Fixtures $124,000
Year Established 1986
General Location South Charlotte NC
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This market leading superstar is the leading retail fabric source in the Charlotte Metro region and so much more. Not only are they a specialty retail giant with hundreds of in-stock designer fabrics, but they also provide a turn-key customer centric service that includes design, fabrication, and installation. Their clients are raving fans and cover a wide range of expertise from the accredited interior designers to the inexperienced homeowner. This store has been in business since 1986 and has grown and evolved with Charlotte to become the industry leader, as well as a household name in the Charlotte region. They enjoy residual income from repeat customers and referrals with an unparalleled reputation for customer service and the ability to work with an array of clients helping each home find its soul through color, texture and feel.

Gross Revenue $864,397 Listed Price $550,000
Total Income $181,414 Down Payment
Base Rent $5,351 Square Feet 4200
Total Rent $5,841 Lease Expiration
Rent Deposit Lease Options
Inventory $72,973 Leasehold Improvements $50,000
Equipment / Fixtures $124,000 Other Assets Sewing Machines, 2 Rolling Machines, Air Compressor other specific for this business, plus racks, computers, phones...
Full-Time Employees 4 Training Period Up to 30 Days
Part-Time Employees 1 Special License Required
Contract Staff 1 Reason for Selling Owner is moving out of the area with family.

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.

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