Tuxedo Rental Business with Property

Not Disclosed, NY
Nassau County

Long Island


Asking Price: Annual Revenue:
$900,000 $300,000

Services: Non-classifiable


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RE: Tuxedo Rental Business with Property Broker: 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

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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