Classic Tuxedo Rentals

Columbus, OH (Franklin County)

Romanoffs

Asking Price:$175,000

Cash Flow:N/A

Gross Revenue:$439,009

EBITDA:N/A

FF&E:$44,037

Inventory:$500,000

Established:1978

Classic Tuxedo Rentals

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Business Description

**Please be discreet and do not disturb the ongoing business or employees** Thanks Romanoff Classic Tuxedos - Tuxedos and Suits - Mens Formal Wear since 1978!! Locally owned and operated for 37 years! Currently 3 retail locations - Downtown Columbus, Dublin/Columbus NW, and Westerville. Thousands of Tuxedos - coats, shirts, slacks and accessories - enough inventory to possibly open an additional 2 retail locations! 2014 gross volume of $439,009 and 2015 gross volume anticipated of upwards of $550,000!! 25% growth with a huge upside .Successful operation for 37 years - seeks new owner operator for the next 37 years! Experience with quality service! Owner will train. Financials available to qualified buyers with signed Non - Disclosure Agreement. Business is headed into the peak seasons - weddings, proms, and events. Priced at $175,000 including all the Inventory, retail locations furniture, fixtures, equipment and leasehold improvements. Approximately $500,000 in Inventory at COST IS INCLUDED !!!

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3 Retail locations - 232 S. Fourth (Fourth and Rich) in Downtown Columbus, OH 1,500 square feet, 6387 Sawmill Road - Columbus/Dublin area (161 & Sawmill) 1,600 square feet, and 584 W. Schrock Road (Schrock and Cleveland) in Westerville
Competition:
Largest Independent Tuxedo operation in Columbus/Central Ohio with enough Inventory to possibly expand with 2 more locations!!
Growth & Expansion:
Established known operation - ideal for new owner operator that can expand with updated technology and social promotions
Financing:
Possible to qualified buyer with substantial downpayment
Support & Training:
Owner/Founder of 37 years will train 2 - 4 weeks/negotiable
Reason for Selling:
Retiring after 37 successful years !!
Business Website:
http://www.romanoffsclassictuxedos.com

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Greg Hrabcak

Business Listed By:
Greg Hrabcak

Real Living business

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