Tuxedo & Formal Wear Rental, Sales & Tailoring Biz

Pittsburgh, PA
Allegheny County

2 locations- One in North Hills, one in South Hill


Asking Price: Annual Revenue:
$390,000 Not Disclosed

Retail: Clothing & Accessories


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RE: Tuxedo & Formal Wear Rental, Sales & Tailoring Biz Broker: Joe

Quick Facts

Asking Price: $390,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1977
Employees: 3
BBN Listing #: 947557513
Broker Reference #: Not Disclosed

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Business Overview:

Highly successful and long running formal wear rental, sales & tailoring business for sale with 2 locations around Pittsburgh. Have numerous repeat, high-end clients. Original owners have been in business for over 40 years. The two locations are leased properties (not included), but all of the inventory associated with the business and its great reputation are included in the sale price. Easy to operate, low overhead, and owners willing to work as employees through the transition (and beyond).

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Property Features and Assets:

Both businesses are located in high visibility strip malls with lots of activity along major Pittsburgh roads.

Market Competition and Expansion:

Competition for sales and rentals of formal wear comes largely from the big box stores like Tuxedo Junction and Men's Warehouse, although our prices are far lower than theirs. We corner the tailoring market which amounts to a larger percentage of our cash business. In recent years, we have branched out to providing alterations to women's bridal gowns and dresses which is an area of great potential expansion.

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 may become a franchise resale opportunity.

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