Successful Men's Formal Clothing Business

Not Disclosed, FL
Palm Beach County


Asking Price: Annual Revenue:
$780,000 $632,987

Retail: Clothing & Accessories


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RE: Successful Men's Formal Clothing Business Broker: David Ballou

Quick Facts

Asking Price: $780,000
Annual Revenue: $632,987
Net Profit: Not Disclosed
Cash Flow: $297,370
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1973
Employees: 4
BBN Listing #: 4891630
Broker Reference #: 7301516451

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Business Overview:

One of S. Florida's leading Men's formal clothing businesses is now available for sale. First opened in 1973. Current owner started working at business in 1987 and purchased in 2006. The business rents and sells formal wear and accessories to the retail public. The business has been recognized by numerous organizations for their excellence in this field. Post COVID, the business today is reaching new heights and the strongest revenues EVER. Known for the best quality of Men's attire and the best service in the industry. They offer their own private label products and stock inventory for over 90% of their rentals. The business operates on an 'Appointment Only' schedule, increasing efficiencies and limiting overhead related costs. Owner wants to retire but will stay on as needed to assist in any transition. Price includes full inventory and assets. Financials are trailing 12 months - June 1-June 22 . Please refer to listing 7301-516451 and advisor David Ballou when inquiring.

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Property Features and Assets:

Lease/Month: $5,300; Square Footage: 1,200; Building Type: Retail-High End; Terms & Options: Easy to assign or extend; Expiration Date: 7/1/2026.

Reason for Selling:

Retirement

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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