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|Net Profit:||Not Disclosed|
|Total Debt:||Not Disclosed|
|BBN Listing #:||60744701|
|Broker Reference #:||14628|
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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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In business for over 50 years and is the market leader for their specialty in the United States! Owner is selling due to retirement. But, wouldn't mind staying on as a part-time worker for a few years if desired by the buyer. FANTASTIC BOOKS AND RECORDSBoth Seller Note Available and Lender Approved
•With $88,000 of Inventory and $65,000 of Equipment •1,200 Square Feet / Re-assignable or New Lease•Seller willing to stay on and train as well as sign Non-Compete•Provable Financials•4 Exam Days (12-16 patients daily)•Owner willing to stay on in transition and sign Non-CompeteReason for sale: Spend time with daughter and potentially move out of stateTotal Years in Business: 13Total Electronic Med Records / Charts – 20,000Hours: Open 6 Days a week / Closed SundayEmployees: 1 Full Time Optician / 1 Full Time Reception / 2 Part Time Pretesting and ClericalRevenue Breakdown: Between 60% Ins / 40% Private Pay to 65% Ins / 35% Private PayAbout 10-14% Cash of Overall RevenueSELLER FINANCING!
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