Tuxedo Business for sale in Bergen County,NJ-32714

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$180,000 $220,000

Retail: Clothing & Accessories


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RE: Tuxedo Business for sale in Bergen County,NJ-32714 Broker: Gerald Nimberg

Quick Facts

Asking Price: $180,000
Annual Revenue: $220,000
Net Profit: Not Disclosed
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1987
Employees: Not Disclosed
BBN Listing #: 84624447
Broker Reference #: 32714

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Business Overview:

Excellent opportunity to purchase a well-established business with 16 years of sales. This North Jersey store is already established as a premier tuxedo and uniform business for rental and sales of tuxedos, suits, sports jackets and specialty apparel. Multi-faceted business that carries a large selection of apparel to supply union, police, caterers and banquet staff. Historically overstocked, the sale includes thousands of items of clothing such that a new owner could go three years before needing to replace. All clothing is current; outdated suits and tuxedos have been culled from the inventory. Sales are up 20% over the last three years and there is ample room for further growth by utilizing social media and by developing and adding online ordering capability to its website. It is time for the owner to step back and enjoy retirement. The best of the best in a great location in beautiful Bergen County. You cannot go wrong here unless you wait. This business can be acquired independently or in conjunction with a nearby high-end women's fashion, formal and casual wear store.For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers. Please use email reply button of this ad to contact us.

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Reason for Selling:

Retiring

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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