Business Overview:
Original price has been reduced $50,000, now only $599,000!! Well established Tuxedo Rental and Sales business opportunity. Four locations. Very good cash flow and seller's discretionary income. Gross sales over $850,000 per year. All locations have very reasonable rents and long term leases which can be negotiated even longer. Plenty of parking at all four stores. Main store has over 4000 square feet of warehouse space holding pants, coats, vests, shirts, ties, shoes and all accessories. Everything is inventoried and on conveyors for easy access. Inventory is valued at over $450,000 including display and try-on items at all locations. Equipment is valued at over $100,000. Main store/warehouse has it's own dry cleaning and washing machines, saving the expense of having to send items out for cleaning. Delivery van is included in asking price. Business is turnkey, with nothing more to do than open up daily. Business income is derived from local businesses, weddings, prom and other school functions, quinceaneras and any other formal event imaginable where formal wear is required. We have the largest inventory of tuxedo styles in Southern California, and we subrent and ship to smaller tuxedo companies everywhere, even the brand name stores, because we carry everything under one roof. Family owned and operated for over 50 years. Owners are retiring. Will train as necessary.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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