Listing Number: 7301-516451
Description
One of S. Florida's leading Men's formal clothing businesses is now available for sale. First opened in 1973. Current owner has been in the business for over 36 years and is looking to retire. Sales revenues and earnings have seen a steady growth. 1st Q 2023 sales are up 30%! The business rents and sells formal Men's wear and accessories to the retail public. The business has been recognized by numerous organizations for their excellence in this field. Known for the best quality of Men's attire and the best service in the industry. They offer their own private label products and stock inventory for over 90% of their rentals. The business operates on an 'Appointment Only' schedule, increasing efficiencies and limiting overhead related costs. Owner wants to retire but will stay on as needed to assist in any transition. Price includes full inventory and assets.
Listing Details
- Price: $ 800,000
- Down Payment: $800,000
- Sellers Discretionary Earnings: $ 300,008
- Total Sales: $ 620,388
- Location: Palm Beach County, Florida
- Inventory: $ 45,000
- FF&E: $ 150,000
- Employees: 4
- Year Established: 1973
- Reason for Selling: Retire
- Category: Clothing
