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Business for Sale Overview:

This formal wear business is a very high profit business and was opened by the current owner. 2007 sales of over $570,000. You will not find a better business with a higher margin than renting tuxes! Included in the sale you will receive over $465,000 in inventory. Most formal wear stores do not own their tuxes. Most other places rent from a warehouse and then to the consumer. For this company, all products are owned by them. This is why there is a huge profit margin. Most people rent for proms, weddings, black-tie affairs, and many other reasons. There are six employees and the business is only open 60 hours a week. This company has an outstanding reputation and a repeat client base. Located just 30 minutes form Peoria, IL. This is a great location in a high traffic area. The rent is reasonable for this 4,000 square feet building. Owner is motivated and wants to retire. Yearly owner's benefit of $160,000.

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.