Formal-Wear Rentals For Men. Incredible Margins. Same Owner 25 yrs

Pinellas County, FL

Formal-Wear Rentals For Men. Incredible Margins. Same Owner 25 yrs

Asking Price:$229,000

Cash Flow:$150,000

Gross Revenue:$250,000





Formal-Wear Rentals For Men. Incredible Margins. Same Owner 25 yrs

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Business Description

No Experience Necessary. Incredible Opportunity to acquire the Best Men's Formal Wear Rental store in all of West Central Florida. Incredibly well over $125,000 + of rental sizes and styles IN STOCK gets anybody out the door in 15 minutes. Anybody! Recommended by major department stores, resorts AND the competition because they know it will get done, and done right, and word of mouth advertising by its local customers including professional athletes, celebrities, and business elite has set this place apart for over 2 decades. This store is now doing the children's weddings, proms, bah mitzvahs of their older customers while those still call for cruises, socials and business formals. Two (2) long time employees will stay. The retiring seller will train and transition as a paid hourly employee for up to one year if desired. You would be getting a sterling reputation, operational success, incredible style selection in stock developed over the past 25 years with a seller willing to stay on. If you can better that, go buy it!
Call Bob Kelcourse @727-804-1510 but please read below first.

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". Interested parties MUST fill out a Non-Disclosure Agreement (NDA) and Personal Financial Statement (PFS) before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS! There is NO Real Estate for sale with this listing.

Information contained herein has been obtained from the Owner of the Business or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.

Detailed Information

Included in asking price
3 + owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1000 sq ft in-line strip store + storage facility. Total rent is approximately $1500 month for both
This is the competition. Nobody stocks the sizes and styles this store does so anybody that walks in can be out the door in 15-20 minutes. Anybody!
Growth & Expansion:
Marketing to other country clubs, department store registries, wedding-formal wear shows, etc. in the trade area. Social Media
Support & Training:
Seller willing to stay on as part-time employee up to one year after uncompensated training period if desired
Reason for Selling:

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Robert L. Kelcourse

Business Listed By:
Robert L. Kelcourse

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