Business Overview:
This Tuxedo sales and rental business has enjoyed great success for over thirty years. Men and boys may purchase or rent fashions latest cutting edge tuxedo's for all type of occasions (prom, weddings, quinceaneras, socials etc). Ideal lifestyle business on very busy street in Union County. Consistent and stable cash flow. Perfect for a family operation. Turn key business with over 30 years of history beginning in 1978. Motivated seller due to illness, verifiable income. 2,000+ square feet of landmark space with below market rents and on street free parking. Low overhead and low rent make it a very controllable business. Current owner has operated the business since April 2011. Prior owner still works at the business and will continue to work part-time with new owner.
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.
Property Features and Assets:
Total Assets $72,000.
Very visible 2,000+ square feet of landmark space on very busy highway with below market rents with on street free parking.
Market Competition and Expansion:
There is only one other tuxedo shop in the immediate area. There is plenty of space to add bridal or sublease space to bridal shop tenant. Could add mens clothing, other retail or other complementary business to increase overall sales. Increase uniform sales business by adding a salesperson or additional marketing.
Reason for Selling:
Illness
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.