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

$Seller Financing Available

Asking Price	$299,000	Inventory	$220,000*
Gross Income	$392,478	Real Estate
Cash Flow	$118,819	Year Established	1989
FF&E	$18,000*	Employees	N/A

* included in the asking price

** not included in the asking price

The 2 partners responsible for daily operations and marketing are willing to stay on in current positions to oversee day to day operations for a negotiable base salary, which will be extremely beneficial to a Semi-Absentee owner. This is a long time established Formalwear rental company with a 40 year working relationship with the Resort Hotels & Casino's, as well as many of the wedding chapels in Las Vegas. Resort Apparel is provided to all forms of custom and in-stock uniform programs for the Las Vegas and national hotel casino industry. One division of the business provides guests tuxedos for weddings and conventions as well as wholesale rentals to the hotels banquet departments. They are also the exclusive supplier to MGM Mirage special events and banquets division for 8 years, according to the seller. This company has an international website that averages over 100 hits a day on google adword, it also features an interactive ordering system that features hundreds of styles. Inventory has over 2000 men's and women's tuxedos and coordinating accessories. Seller states that this company has a working referral relationship with all the major hotel casinos and their chapels with regard to wedding and convention attire rentals. Additionally, seller states they have a database of all banquet workers and dealers measurements for Bellagio, MGM Grand, Mandalay Bay, Caesars and the New Yorker. There is also a retail store in the Tropicana.

Facilities: Leased location of 2,400 square feet with a total rent of $2,300. Seller is active in business. $20,000 Leasehold Improvements. $2,500 Accounts Receivable Included.

Seller Financing Available: Yes

Financing: $100K Down, OWC $265K for 36 months @ 8%

Support/Training: Negotiable (2 wks)

Reason Selling: Partner Break-out