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1 Elm

Morristown Town, NJ 07960
  • $249,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 3993298
UPDATED: 51 min ago
$249,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1
    SQFT
  • $249,000
    $/SQFT
Type:
Business Opportunity
County:

School Ratings & Info

Description

E&N Custom Tailor and Clothing Store: A Rare Opportunity to Own a Trusted Community Stapleford over 20 years, E&N Custom Tailor has been Morristown's premier destination for exquisite bespoke tailoring and alterations, earning an impeccable reputation for quality, craftsmanship, and personalized service. Renowned for its 100% loyal repeat customers, this award-winning business boasts exclusive, high-end offerings including custom menswear, tuxedos, wedding gowns, and top-tier Italian textiles. With a prime location at 1 Elm St., a stable lease through 2029 with strong renewal prospects, 3 skilled employees, and zero competition in town, this turnkey operation promises continued success. The owner is earnest about a smooth transition, ready to personally introduce the new owner to a devoted customer base. Exceptional customer service, unparalleled reputation, and untapped digital marketing opportunities make this a truly lucrative listing. Don't miss your chance to acquire a beloved institution with years of goodwill, solid financials, and growth potential in a thriving community. This is more than a business; it's a legacy ready for its next chapter. This compelling listing description highlights E&N's strengths, long-term community ties, unique market position, and growth opportunity, creating strong buyer interest and trust.

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-07T22:48:49.3.
www.trompeterrealestate.com/homes/169029600
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1 Elm Morristown Town, NJ 07960

  • Price: $249,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 51 min ago
  • MLS #: 3993298
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1
SQFT
$249,000
$/SQFT
County:
Morris
Area:
Morristown Town
Property Description
E&N Custom Tailor and Clothing Store: A Rare Opportunity to Own a Trusted Community Stapleford over 20 years, E&N Custom Tailor has been Morristown's premier destination for exquisite bespoke tailoring and alterations, earning an impeccable reputation for quality, craftsmanship, and personalized service. Renowned for its 100% loyal repeat customers, this award-winning business boasts exclusive, high-end offerings including custom menswear, tuxedos, wedding gowns, and top-tier Italian textiles. With a prime location at 1 Elm St., a stable lease through 2029 with strong renewal prospects, 3 skilled employees, and zero competition in town, this turnkey operation promises continued success. The owner is earnest about a smooth transition, ready to personally introduce the new owner to a devoted customer base. Exceptional customer service, unparalleled reputation, and untapped digital marketing opportunities make this a truly lucrative listing. Don't miss your chance to acquire a beloved institution with years of goodwill, solid financials, and growth potential in a thriving community. This is more than a business; it's a legacy ready for its next chapter. This compelling listing description highlights E&N's strengths, long-term community ties, unique market position, and growth opportunity, creating strong buyer interest and trust.
Exterior Features

Garage Description On-Street Parking Location Business DistrictCorner Parking Driveway Description On-Street Parking Road Type City/Town StreetCorner

Interior Features

Available Sq Ft 1 Basement Yes Basement Description Finished-Partially Cooling 1 Unit Fuel Type Gas-Natural Number Of Lavatories 1

Property Features

Acceptable Financing Cash Business Classification Retail Business Established 2005 Business Name E & N Custom Tailor Documents Available Aerial PhotographsInvestment AnalysisLeasesTax Returns Existing Lease 3-5 YearsRenewal OptionSeller Does Not Own Building Gross Operating Income 500000 Heating 1 Unit Lease Amount Month 7750 Net Operating Income 231650 Ownership Type Sole Proprietorship Price Includes Business NameBusiness Phone NumbersCustomer ListFurnishingsInventory SeparateLeaseMachinerySigns Primary Business Classification Retail Real Estate For Sale No RE Available Sewer Public Sewer Total Operating Expense 268350 Utilities ElectricGas-Natural Utility Amount 500 Water Public Water Zoning Retail

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Realty One Group Legend: 9739100535.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-07T22:48:49.3.
 
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Jersey City NJ, 07302