Tuxedo Sales and Rental
This is a profitable business with strong market share. This business is profitable and stable, currently little to no paid advertising is being used. The right buyer can grow this business by scaling and opening other locations. This can easily be treated as an absentee business as key employees are very capable of running the business and are well compensated. This business is primed for growth to a second and/third location.
This business has one leased location of 1,100 square feet with a Total monthly rent of $2,486.74. Lease ends 12/2024. Seller is active with 7FT and 5PT combined employees. Hours of operation are 10am-9pm & 11am-6pm 7 days a week. $500,000 in inventory and $50,000 in FF&E included in the asking price. $80,000 made in leasehold improvements.
Financials (USD)
Asking Price $711,000
Cash Flow $349,181
Sales $1,214,735
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? Yes
Willing to co-broke? Available On Request
Principals only? No
Franchise? No
Management will stay? Yes
Relocatable? Available On Request
Real Estate? No
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