Tuxedo Rental Business For Sale

Business description

Incredible opportunity! The most stable and established Tuxedo Rentals & Sales company in Southern California’s South Bay offers excellent profit!!! For almost 60 years, this company has been offering quality men’s formal attire for occasions from wedding and proms to extended ocean cruises, as well as suit rentals for graduations, funerals, interviews, etc. This business has established goodwill, an exceptionally strong customer base and no in-town competition. They have the largest in-stock selection in the South Bay—with a huge rental inventory of over $200,000 at owner’s original cost. The company provides wholesale rentals to other shops as well. The business is located in a freeway close, high-visibility area on a major commercial intersection with plenty of off-street parkin. The beautiful showroom can easily accommodate a bridal department as well, if so desired. The 1400 sq. ft. attached warehouse features customized slick rail racks and extensive pressing equipment, making it ideal as a distribution center for a wholesale or multiple-store operation. Also included are furniture, fixtures and equipment valuing nearly $40,000 at owner’s cost. An extensive, professionally designed Web site garners leads, both locally and out-of-state. The seller also owns the building (which is not for sale) and is offering very favorable terms and rates ($1.39 per sq. ft.)--almost 30% under current market. This is a smooth, efficient company that is easy to run, and seller will provide necessary training. The current owner is now devoting only part-time energy, but wishes to retire altogether. Business profit could be greatly increased with extended hours and/or opening on Sundays, and the new owner working full-time to reduce unnecessary labor overhead. The financial books are in great shape and will quality for SBA financing.

For more information, please contact Roger Civalleri.

Other information

Support & training:

Seller will provide training.

Reasons for selling:

Retirement

Trading hours:

M-F 10-6pm; Sat. 10-3pm

Furniture / Fixtures value:

$40,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)