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Iconic Men's Formal Wear Rental & Sales Business For Sale

Miami Dade, Florida
Asking Price:
$480,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$980,000 (USD)
Cash Flow:
$190,000 (USD)

Iconic Men's formal wear rental/sales business, with a women's retail gown shop. This store has been in the same great location with high visibility and notoriety since 1977. The business is a full-service operation; Bridal, Prom, Corporate and Formal Events; the entire inventory is in stock on the premises of the store. The staff is thoroughly trained to offer every customer the best options for their special event. Customer service is the best of the best and it has a phenomenal review. Management will provide extended transition. Great lease terms in-place. Second location available in Broward County.The staff is thoroughly trained to offer every customer the best options for their special event. Customer service is the best of the best and it has a phenomenal review. Management will provide extended transition. Good lease in-place. Second location available in Broward County. Please refer to listing 2201615941. Business broker William DeCanio 3054843854 when you inquire about this listing.

Property Information

Real Estate:

Lease

Lease Terms:

Lease/Month: 10000 Square Footage: 2500 Building Type: Standalone
Terms & Options: Expiration Date: 12/31/2026

Leasehold Rent:

$10,000 (USD) per annum

Premises Details:

Lease/Month: 10000 Square Footage: 2500 Building Type: Standalone
Terms & Options: Expiration Date: 12/31/2026

Business Operation

Competition / Market:

Non Compete : Miles: 30 Years: 3

Reasons for selling:

Divestiture

Employees:
8
Years established:
2006

Other Information

Support & training:

For 2 weeks at no cost

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Loan/Seller - Amt: 80,000 Mos: 18 Rate: 5.00 Mo Pmt: 4,622.44

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

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