Formalwear Rental - gowns & tuxes

Not Disclosed, CA
Contra Costa County

East Bay Area


Asking Price: Annual Revenue:
$50,000 $300,000

Services: Rentals - Party, Equipment


Request More Information
Contact the Seller

RE: Formalwear Rental - gowns & tuxes Broker: John Irvine
License #: 00988287

Quick Facts

Asking Price: $50,000
Annual Revenue: $300,000
Net Profit: $60,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1983
Employees: 6
BBN Listing #: 825030396
Broker Reference #: Not Disclosed

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

A family business established for more than 30 years in Contra Costa County is now for sale.

Men’s and women’s formal wear – rent or purchase.

Look, feel and wear designer clothes for a fraction of the true retail cost.

Men’s collection includes; Michael Kor, Stephen Geoffrey, Allure Men, Ike Behor. Women’s collections include; Abby Paris, Primavera, Envious Couture, Van Stefani and many more.

Yearly gross sales; 2022 January thru June = $227,012. projection for the year = $400,000.,

2021 = $188,110.,

2020 = $117.824. (Covid),

2019 = $302,634.

Current monthly rent = $1764.

New lease for new buyer.

Open six days a week and Sundays during prom season.

Owner has been receiving $60,000. +/- yearly.

Business priced at SDE x’s 1.5

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

2022 P & L thru July shows gross sales = $247,718., net income = $40,911.

Reason for Selling:

Other business interests.

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.

Documents:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!