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Las Vegas

  • Listing Number: 101-21482

  • Category: Retail

Asking Price $395,000
Down Payment
Gross Revenue $688,815
Total Adjusted Net Income $131,708
Equipment / Fixtures $40,000
Year Established 1995
General Location Las Vegas
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One-of-a-kind leather goods and luggage repair business with loyal Las Vegas strip luxury and entertainment clients.  Separate retail and factory locations.  Semi-absentee owner works 5 hours per week.  Assumption of a $150,000 EIDL loan may be available. Employees are craftsmen with years at this business.  Operations include a General Manager.  Business is fine tuned for a turn key operation. Customers include retail and commercial accounts – Las Vegas strip luxury retailers and entertainment performers. This business is ready to grow with a new owner adding nationwide repair services developing a web application.

Gross Revenue $688,815 Listed Price $395,000
Total Income $131,708 Down Payment
Base Rent $4,655 Square Feet 3650
Total Rent $5,196 Lease Expiration 05/2024
Rent Deposit $4,448 Lease Options
Inventory $30,000 Leasehold Improvements $0
Equipment / Fixtures $40,000 Other Assets
Full-Time Employees 8 Training Period 4 weeks
Part-Time Employees Special License Required Business License
Contract Staff 1 Reason for Selling other business interests

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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