MergerPlace

Long Est. Formal Wear Tuxedo Rentals wit

New York (Orange)


  • Asking Price: $525,000
  • Gross Income: $544,790
  • Cash Flow: $204,005
  • Real Estate: Not Disclosed
  • Inventory: $458,646
  • FF&E: $10,000
  • Listing ID: #221811
  • Established: 1985
  • Employees: 15

Business Description

Well established with strong brand recognition as the go-to for formal wear rentals of tuxedos, suits, shoes, and accessories. This business caters to the needs of any formal occasion including proms, weddings, black tie events, and galas. The family unexpectedly inherited this business and needs to sell. Each location has management and staff in place and they have negotiated favorable terms with their landlords to carry the business through the shutdown situation. Over $450,000 of inventory, most purchased within the last year, is included in the sale. Step into this fantastic business that will be booming as the event season comes back. Sellers are willing to offer favorable financing terms. Please re fer o listing 6401161821 ,business broker Erin Crawford 5613465597 when you inquiry about this listing.


Business Details

Primary Business Category: Services - Business
Location: New York
County: Orange

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 15

Financial Information

Asking Price: $525,000
Gross Revenue: $544,790
Cash Flow: $204,005
FF&E: $10,000
Inventory: $458,646
Seller Financing Available: Yes

Property Information

Facilities:

Type of Location Mall Center Facilities 2 locations Monthly Rent $4,367.00 Square Units (Foot, Meter) 5,825 Lease Expiration Date June 30, 2020, 3:00:00 AM Terms Options MTM

Competition:

Miles Seller Not to Compete Within 50 Number of Years Seller Not to Compete For 5

Reason for selling:

Family

Support & Training:

For 3 weeks at no cost

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Erin Crawford

Transworld Business Brokers of Central Florida