MergerPlace

Formal Wear Business

Pennsylvania


  • Asking Price: $195,000
  • Gross Income: $250,536
  • Cash Flow: $134,699
  • Real Estate: Not Disclosed
  • Inventory: $80,000
  • FF&E: $27,028
  • Listing ID: #215136
  • Established: 1982
  • Employees: 2 FT/ 2 PT

Business Description

New location added in a high traffic mall! Serving customers in need of special occasion attire in it's new location in addition to continuing to support repeat and referral customers in it's previous location. Since 1982 this business has specialized in tuxedo rental and sales for weddings and special occasions. In addition, it has expanded over the years into rental and sale of suits and sale of prom and special occasion dresses, making itself a strong competitor in the formal wear business.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Pennsylvania

Company Information

Year Established: 1982
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/ 2 PT

Financial Information

Asking Price: $195,000
Gross Revenue: $250,536
Cash Flow: $134,699
FF&E: $27,028
Inventory: $80,000
Seller Financing Available: No

Property Information

Facilities:

New location added in a high traffic mall! Serving customers in need of special occasion attire in it's new location in addition to continuing to support repeat and referral customers in it's previous location. Since 1982 this business has specialized in tuxedo rental and sales for weddings and special occasions. In addition, it has expanded over the years into rental and sale of suits and sale of prom and special occasion dresses, making itself a strong competitor in the formal wear business.

Growth & expansion opportunities:

There is potential for growth by expanding offerings in suits for men or bridal and bridesmaid dresses.

Competition:

While there are a handful of competitors in the region, the inventory and customer service this business offers keep it competitive. And the new location added in late 2019 is in a busy business district and can capture customers comparison shopping at other area competitors.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

William Iigenfritz

Murphy Business Brokers