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Established Georgetown Tailoring & Formalwear Business for Sale - $250,000 (Washington, DC)
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Rare opportunity to acquire an established tailoring, custom clothing, and formalwear business in the heart of Georgetown, Washington, DC.
Located on Wisconsin Avenue NW in one of DC’s best-known retail districts, this longstanding business has served the Georgetown and Washington-area market for decades and is being offered for sale as the owner looks to transition out of the business.
BUSINESS HIGHLIGHTS
• Established Georgetown location with decades of operating history
• Prime Wisconsin Avenue storefront
• Tailoring, alterations, custom clothing, suits, tuxedos and formalwear
• Existing customer base and local recognition
• Inventory, fixtures and tailoring equipment available as part of the sale
• Turnkey opportunity for an experienced tailor, clothing professional, entrepreneur, or existing menswear/formalwear company
• Opportunity to continue the existing concept or expand services and product offerings
• New lease for the Georgetown location can be negotiated with the building owner
SALE INCLUDES
The transaction can include the operating business, goodwill, inventory, furniture, fixtures, tailoring equipment, customer-related business assets, phone number and other transferable assets, subject to final agreement.
REAL ESTATE IS CURRENTLY NOT FOR SALE BUT OWNER WILL CONSIDER OFFERS
The building will remain under current ownership. A commercial lease for the premises can be negotiated with the purchaser as part of the transaction.
This is an opportunity to take over an established operation without starting a tailoring/formalwear business from scratch. The location may also be attractive to an existing tailor, custom clothier, formalwear company or menswear operator looking to establish or expand a presence in Georgetown.
ASKING PRICE: Contact for details
Additional business and financial information will be provided to qualified prospective buyers after an initial conversation. Proof of funds and confidentiality agreement may be requested before detailed financial information is released.
Serious inquiries only.
Please reply with your name, phone number, relevant business/industry experience (if applicable), and a brief description of your interest in the business.