Retail Menswear And Tuxedo Rental Business For Sale

Business description

Retail menswear and tuxedo rental. ESQUIRE MENSWEAR has been the South Bay leader in providing men's formalwear since 1964. With years of experience, their event and wedding tuxedo sales specialists tastefully assist brides and grooms to select the perfect attire for their special day. The stores also provide formal wear for school formals, proms and other “life event” occasions.

They have 2 locations to serve their clients. Their South Bay store is located in the beautiful downtown shopping area, Riviera Village of Redondo Beach. Their Orange County store is located directly across from the
Triangle Square shopping mall in Costa Mesa. For 40 years they've been providing Southern California with the highest level of quality, service and expertise.

The store is surrounded by restaurants, non-competing retail shops and coffee houses. Inventory has been updated in quality and fashion. The owner is part-time and the store is managed by a fulltime employ who has worked there for many years.

The lease is below market and has over 8 years remaining in lease term and option. The landlord is excellent and very supportive of his tenants. The lease would be assignable to a qualified buyer.

Property information

Real Estate:

Lease

Other information

Support & training:

Seller will provide training for 4 weeks at 20 hours/week.

Reasons for selling:

Commute

Trading hours:

M-F 11-7pm; Sat. 10-5pm; Sun. 12-5pm

Furniture / Fixtures value:

$5,000

Inventory / Stock value:

$120,000

Contact the seller