Men's Clothing Shop & Custom Tailor in Morristown, NJ - $225K Asking Price (Inventory Extra)

This listing presents a well-established, upscale men's clothing shop and custom tailor located in the vibrant commercial heart of Morristown, New Jersey. Established in 2006, the business operates with three highly profitable, integrated models: a curated selection of Italian ready-made suits, jackets, and accessories; comprehensive men's and women's alteration services; and a custom suit and shirt ordering business sourced from Europe and the US. The business boasts a loyal and growing customer base exceeding 7,000 repeat clients. Situated on a corner lot of a busy avenue in an affluent and densely populated area, the 955 sq ft storefront includes a dry basement and is equipped with a security system. The owner is retiring, making this an excellent opportunity for a new owner, potentially for E-2 visa purposes. The asking price for the business and FFE is $225,000, with reported annual revenue of $400,000 and cash flow of $85,000. Furniture, Fixtures, and Equipment (FFE) are valued at $45,000 and are included. The substantial inventory is valued at $400,000 and is available separately, not included in the asking price. Monthly rent is $3,545.