Co-worker/friend who is an EXTREMLEY hard worker has an uncle(and a another partner) who I know, who is getting out of a 40 year old tuxedo business. This business has been in the same hands since it's inception. These guys want to retire and would give us quite a deal as they are overall good guys and family members with my buddy.
They have over $300,000 in inventory and another $100,000 or so in presses, etc... They want 150k or so for the business. It's more or less a tuxedo rental place with local outlets (places to measure you at) all over the area and they order from the warehouse, which we are looking to buy(we also split the profits with the 10 outlets who use the 40 year old company name).
Alot of thinking/researching to do and still a far fetched idea but seems to be a pretty good deal as they would train us for a few months on every aspect of the job. We would probably still keep our current posistions at our current jobs as I am his boss and we have a nice little gig going on right now.
I know it is a little out there but was wondering if anyone knows anything about this line of work/business.
They have over $300,000 in inventory and another $100,000 or so in presses, etc... They want 150k or so for the business. It's more or less a tuxedo rental place with local outlets (places to measure you at) all over the area and they order from the warehouse, which we are looking to buy(we also split the profits with the 10 outlets who use the 40 year old company name).
Alot of thinking/researching to do and still a far fetched idea but seems to be a pretty good deal as they would train us for a few months on every aspect of the job. We would probably still keep our current posistions at our current jobs as I am his boss and we have a nice little gig going on right now.
I know it is a little out there but was wondering if anyone knows anything about this line of work/business.