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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Reason for Selling:
Must Retire
Additional Details:
- The property is leased.
- The owner may be willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.