Seller's Contact Information
- RE: Tuxedo Rental Business With Property
- Contact: Ken Stein
Quick Facts
Asking Price: | $900,000 | |
Annual Revenue: | $300,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $116,888 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | $650,000 | |
Year Established: | 1981 | |
Employees: | 2 | |
BBN Listing #: | 60744701 | |
Broker Reference #: | 14628 |
Business Overview:
This established Formal Wear Rental business has been operating for over 40 years. Business has slowed a bit, After all of the COVID 19 virus goes away this is the place to be, everyone that postponed their weddings or affairs will be back in the planning phase. This is A MUST SEE! If you have ever wanted to have a profitable business that focuses on personal service, here is your opportunity to have your very own shop. This business has strong brand recognition and is the go-to for formal wear rentals of tuxedos, suits, shoes, and accessories. Customer service and attention to detail, coupled with affordable prices has been their key to success. This business caters to the needs of any formal occasion including Weddings, Bar Mitzvahs, Proms, Black Tie Events, and Galas. Full inventory of modern tuxedos and accessories is included in sale price. This is the perfect business for an owner-operator who has experience and knowledge within the men's clothing industry and would like to own their own business. Please refer to listing number 14628 when inquiring about this opportunity.
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Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- 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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