Jos.A.Bank NNN Properties for Sale
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| Jos. A. Bank | |
| Type | Subsidiary |
| Industry | Clothier |
| Founded | 1905 Baltimore, Maryland, U.S. |
| Founders | Charles Bank Joseph Alfred Bank |
| Headquarters | , U.S. |
| Products | Men’s clothing |
| Parent | Tailored Brands (2014–present) |
| Website | www.josbank.com |
Jos. A. Bank – The Renowned Designer and Retailer of Men’s Clothing Line
Are you in search of investing in a prized property and earn handsome amount of sum? Well then, here is one such company that has made its marks felt if not around the whole world but surrounding its den.
Jos. A. Bank is the popular name of Joseph A. Bank Clothiers, Inc. who are specialized in men’s attire starting from vests, underwear, shirts, sportswear, belts, braces to suits, tuxedos, sweaters, overcoats etc. The company also designs socks and shoes, thereby looking after all the needs of man. The company was founded in 1905 and it slowly but steadily gained the market. As of now, it has around 800 stores scattering through 42 states and the Columbian District. The company is headquartered in Maryland’s Hampstead, Carroll Country.
The company has expanded its business and retailing moves via catalogues that were distributed and digested nationally. It also had an e-commerce website to maintain its commercial deals across wide network. The company has seen many highs but presently is going through rough patches as it was expected that multiple outlets and stores of this company will be shut down in 2016 because of poor sales and there is no scope for betterment.
Current status
If you are looking to invest in this company, probably an in-depth study of its recent reports in climb of stocks would be of great help. A not so polished view is fine to fathom the present state, but it is still better to go through its financial report card. According to the statistics gained, the company enjoyed its highest stock price in last five years in 2014, 17th June, the amount being 65.01. The minimum stock price experienced by it was 39.01 on 1st April, 2013, which hints that the average stock price is 48.51. You can also go through the PE ratio and PS ratios of the past few years to clear any confusion you had.
If you consider the annual income statement for the fiscal year 2014 (Feb-Jan), then the revenue was 1.03B and the gross profit earned by the company was 596.58M and the net income including profit and loss was 63.23M. Similarly, you can find the statements of other years as well. The market capital of this company is $1.81B.
How it originated?
A certain Charles Bank travelled from Lithuania to Maryland and set up his tailoring shop for men to become the manufacturer of pants. His quite young grandson, Joseph A. Bank entered the company at an age of 11 as cloth cutter and grew up to be a salesperson for wholesaling.
He married Anna Hartz, whose father’s company was being run by her widowed mother Lina Hartz that was founded in 1905. Bank and Hartz established a joint venture named L.Hartz and Banks (1922) which later was transformed into the now popular Jos. A. Bank and Co. in 1945 with Bank and his son, Howard. The company enjoyed a prosperous run to transform into a public company after which it devoted more attention to its retailing aspects.
It had a tiff with another popular counterpart, Men’s Wearhouse but in 2014, both merged as MW paid a huge sum of $1.8 billion. The clothing sensation has 6340 employees.
Leasing Laws
The Company’s properties are scattered throughout Alabama, Georgia, Michigan, New York, Texas to Wisconsin and many more places. If you want to invest then the leasing term is of 10-15 years which can be extended with options to 20-40 years and the price is $1M -$3M. The nature of the lease guarantee is corporate. Thus, delve deep and then decide to invest.