Tuxedo Formalwear Suit Rentals And Sales Business For Sale

Business description

Rentals and sales of suits, Tuxedos and other formal apparel for men and boys. Store is located in Downtown Scottsdale, right next to Old Town close to Sky Harbor Airport and with easy freeway access. 3,600 sq. ft. leased space for $3,780/mo. 5 year lease expires 12/31/2011 with 2 year option. (Lease is well below market at $1.00 per square foot with 5+ years left on the lease). Excellent working relationships with hotel/resorts in Phoenix/Scottsdale. Same day service provides positive results and customer satisfaction. Can cater large groups and small groups alike. Excellent potential for growth. 2008 Best in Scottsdale Award for Formal Wear.

Property information

Real Estate:

Lease

Lease terms:

3,600 sq. ft. leased space for $3,780/mo. 5 year lease expires 12/31/2011 with 2 year option. (Lease is well below market at $1.00 per square foot with 5+ years left on the lease).

Location:

Maricopa County

Other information

Support & training:

Will train for 2 weeks at no cost.

Reasons for selling:

Owner has Health Issues

Trading hours:

Mon-Sat 10am-6pm

Financing available:

$55,000 down. $495,000 for 240 months @ 10%. Pmt: $4,776.86/mo

Furniture / Fixtures value:

$61,800

Inventory / Stock value:

$309,461

Contact the seller