Iconic Men's Formal Wear Rental & Sales Business

Not Disclosed, FL
Miami Dade County


Asking Price: Annual Revenue:
$480,000 $980,000

Retail: Clothing & Accessories


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RE: Iconic Men's Formal Wear Rental & Sales Business Broker: William DeCanio
Owner Financing is Available!
Loan/Seller - Amount: $80,000; Months: 18; Rate: 5.00% Monthly Payment: $4,622.44

Quick Facts

Asking Price: $480,000
Annual Revenue: $980,000
Net Profit: Not Disclosed
Cash Flow: $190,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 8
BBN Listing #: 414630
Broker Reference #: 2201615941

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Business Overview:

Iconic Men's formal wear rental/sales business, with a women's retail gown shop. This store has been in the same great location with high visibility and notoriety since 1977. The business is a full-service operation; Bridal, Prom, Corporate and Formal Events; the entire inventory is in stock on the premises of the store. The staff is thoroughly trained to offer every customer the best options for their special event. Customer service is the best of the best and it has a phenomenal review. Management will provide extended transition. Great lease terms in-place. Second location available in Broward County. The staff is thoroughly trained to offer every customer the best options for their special event. Customer service is the best of the best and it has a phenomenal review. Management will provide extended transition. Good lease in-place. Second location available in Broward County. Please refer to listing 2201615941. Business broker William DeCanio 3054843854 when you inquire about this listing.

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Property Features and Assets:

Lease/Month: $10,000; Square Footage: 2,500; Building Type: Standalone; Expiration Date: 12/31/2026.

Market Competition and Expansion:

Non Compete : Miles: 30 Years: 3

Reason for Selling:

Divestiture

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.

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