Seller's Contact Information
- RE: Successful Men's Formal Clothing Business
- Contact: David Ballou
Quick Facts
Asking Price: | $800,000 | |
Annual Revenue: | $620,388 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $300,008 | |
Total Debt: | Not Disclosed | |
FF&E: | $150,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1973 | |
Employees: | 4 | |
BBN Listing #: | 4891630 | |
Broker Reference #: | 7301516451 |
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 Men's 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. Sales up 30% in 2022 and trending higher. This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower middle market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent David Ballou - (561) 670-3325. Please refer to listing #7301516451.
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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 homebased business opportunity.
- This is not a franchise resale opportunity
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