Established Mens Formal Wear Hire & Retail Business For Sale

Business description

• Excellent cash flow
• Competitive
• First class name and reputation
• Over 600 suits in stock to choose from

The business offers a full range of gentlemen’s formal wear hire and accessories. All very well presented, this business attract customers from a wide area by offering a friendly, personal service and has established a healthy and solid platform and this looks set to continue into the future.

Description
This is an outstanding opportunity to acquire a highly regarded and extremely well established men's formal wear hire & retail business.

There are over 600 men’s “off the peg” formal wear suits to choose from in stock, catering for all shapes and sizes. All the suits are ready, steamed and pressed in advance for collection up to 72 hours before the big day. Our client has built up a database of regular clients who frequent “black tie” functions on a regular basis. All of their sizes and requirements are on file and suits can be supplied easily at short notice without having to visit the shop for a fitting.

Location
The business is situated in a prominent area just off the main High Street of this busy town centre with easy access to the motorway network and London Underground Metropolitan Line as well as ample parking in the nearby public car parks.

Property Type
Leasehold.

Tenure
We have been informed the current rent is around £11,000 pa. With 5 year reviews

Price
£75,000. To include leasehold premises, fixtures and fittings, goodwill and STOCK. Each party to bear their own legal costs involved.

Sales Revenue
The owner would be happy for an on the job observation period to assess the business prior to offers being made.

Staff
The owner works within the business.

Hours
Monday – Saturday 10am – 4pm

Summary
The only reason this excellent business is being offered to the market is due to the unfortunate ill health of our client and his desire to take a well deserved retirement. Since establishing the business our client has built up a superb reputation within the local area for quality formal wear hire he provides and for the warm and friendly service received by all of his clients.

With the introduction of “Prom” suits an area which has continued to grow over the last couple years as well as an increase of trading hours with a late night and having an online presence would all offer excellent scope to increase both sales and profits.

Support & Training
The owner would be happy to help with a smooth transfer of the business in any way possible.

Property information

Property:

Leasehold