Formal Wear Business

Not Disclosed, PA


Asking Price: Annual Revenue:
$225,000 $250,536

Retail: Clothing & Accessories


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RE: Formal Wear Business Broker: William Iigenfritz

Quick Facts

Asking Price: $225,000
Annual Revenue: $250,536
Net Profit: Not Disclosed
Cash Flow: $134,699
Total Debt: Not Disclosed
FF&E: $27,028
Real Estate: Not Disclosed
Year Established: 1982
Employees: 4
BBN Listing #: 40914955
Broker Reference #: 2606-15068

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Business Overview:

Since 1982 this business has specialized in tuxedo rental and sales for weddings and special occasions. In addition, it has expanded over the years into rental and sale of suits and sale of prom and special occasion dresses, making itself a strong competitor in the formal wear business.

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Property Features and Assets:

Located in a large regional shopping mall, this business has ample parking and an 1,800 square foot store front. There is also 3,000 square feet of warehouse space. Assets=$107,028

Market Competition and Expansion:

The current marketing plan has included digital media. Facebook, Instagram and Google are all utilized. Radio and print ads have also been used for marketing purposes. There is potential for growth by expanding offerings in suits for men or bridal and bridesmaid dresses.

Reason for Selling:

Owner is retiring.

Additional Details:

  • The property is owned.
  • 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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