Indianapolis Area Men's Formal Wear & Apparel R...

Indianapolis Area, IN

Asking Price: Annual Revenue:
$175,000 $331,917

Services: Non-classifiable

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RE: Indianapolis Area Men's Formal Wear & Apparel R... Broker: Scott Wilson

Quick Facts

Asking Price: $175,000
Annual Revenue: $331,917
Net Profit: Not Disclosed
Cash Flow: $81,958
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 2
BBN Listing #: 926044887
Broker Reference #: INDIAIN001-N2053

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Business Overview:

This Indianapolis area men’s formal wear and apparel rental store for sale has been serving the community for several decades. As a family-owned business, they take great pride in providing their customers with excellent customer service and high quality, fashionable apparel for weddings, proms, black tie events, group uniforms, and more. With a vast inventory of 1500+ suits and tuxedos, the company offers same-day fittings from an onsite seamstress and delivery. Like other businesses centered around events, they were hit by the restrictions from the COVID-19 pandemic. Over the past year, however, they have quickly turned things around and returned to pre-pandemic levels with anticipated growth in the future. Investment Considerations: • Recession resistant business model • Great location with frontage on a major street with high traffic • Seamstress on-site • Local brand recognition and trust The Seller leases the facility. The lease is set to expire in August 2022. The Seller is negotiations with the landlord regarding the lease.

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Reason for Selling:

The Seller is ready to retire.

Additional Details:

  • The property is owned.
  • 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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