Retail - Apparel & Accessory Stores | Services - Other Personal Services

Asking Price	$365,000	Inventory	$465,000*
Gross Income	$570,000	Real Estate
Cash Flow	$160,000	Year Established	1995
FF&E	N/A	Employees	6

* included in the asking price

** not included in the asking price

This formal wear business is a very high profit business and was opened by the current owner. 2007 sales of over $570,000. You will not find a better business with a higher margin than renting tuxes! Included in the sale you will receive over $465,000 in inventory. Most formal wear stores do not own their tuxes. Most other places rent from a warehouse and then to the consumer. For this company, all products are owned by them. This is why there is a huge profit margin. Most people rent for proms, weddings, black-tie affairs, and many other reasons. There are six employees and the business is only open 60 hours a week. This company has an outstanding reputation and a repeat client base. Located just 30 minutes form Peoria, IL. This is a great location in a high traffic area. The rent is reasonable for this 4000 sq. ft. building. Owner is motivated and wants to retire. Yearly owner's benefit of $160,000.

Reason Selling: Must Retire