Listing Number: 76931-238833
Description
Located in the vibrant Humble-Kingwood area, this established tailoring and alterations business has served the community for nearly two decades. Renowned for expert craftsmanship, quick turnaround, and outstanding customer service, it offers a full suite of services including formal wear alterations and custom tailoring.
Financial highlights:
-Consistent Revenue Growth: Gross sales increased from $250K in 2022 to $292K in 2024, averaging ~$275K annually
-Strong Profitability: Net profit rose from $66K to $95K over three years, with steady margins
-Robust Seller Discretionary Earnings (SDE): Averaged ~$119K annually, reaching $134K in 2024
-Lean Operations: Operating expenses held steady at ~34% of revenue
Add-Backs Include:
-Auto Expenses: $5,880 (2022), $7,367 (2023), $8,965 (2024)
-Owner Compensation: $35,344 (2022), $30,000 (2023 & 2024)
This turnkey operation is ideal for an experienced owner-operator seeking a recession-resistant business with deep community roots. The retiring owner is looking for a passionate buyer to continue the legacy and drive future growth.
Listing Details
- Price: $290,000
- Down Payment: $290,000
- Sellers Discretionary Earnings: $133,710
- Total Sales: $291,861
- Location: Harris County, Texas
- Inventory: $10,000
- FF&E: $60,000
- Employees: 2
- Year Established: 2000
- Reason for Selling: Other business interests
- Category: Tailoring
Contact Agent:
- Katie Holditch, CBI, CM&AP
- Phone: (713) 377-3189
- Email: [email protected]