- Advert ID: 582574
- (Seller ref: 138)
Formal Wear Business Needing Quick Sale For Sale
Price Reduced
- Location:
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Summary
- Asking price:
- $170,000
- Sales revenue:
- $94,000
- Net profit:
- $48,000
Business description
This extremely profitable company rents and sells tuxedos and sells gowns. It also offers pageant dresses for children and adults, pageant and informal ladies suits, jewelry, shoes, hosiery, hats and other accessories. In its 30 years of operation, the business has developed deep ties to the community and an impeccable reputation. It does very little advertising and still attracts new customers from more than 40 miles away. Customers come to it for its wide selection, great customer service and fair prices. It has a large and loyal customer base.
The business is located in a leased 3,000-sq-ft store with two beautiful showrooms and plenty of inventory space. The building’s low rent includes all utilities and dry cleaning. The site is easily accessible and highly visible on the city’s main thoroughfare.
General Information
Established: 30 years ago
Employees: Owner and two part-time employees
Facilities: A leased store
Reason for selling: The owner is selling for family reasons
Property information
- Real Estate:
- Lease
Other information
- Furniture / Fixtures value:
- $48,000
- Inventory / Stock value:
- $200,000
Contact the seller
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- Retail
- > Clothing
- > Dress Hire
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