Iconic Men's Formal Wear Rental & Sales Business

Miami, FL (Miami-Dade County) (Relocatable)

Seller Financing Available
Iconic Men's Formal Wear Rental & Sales Business
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Asking Price: $480,000

Cash Flow: $190,000

Gross Revenue: $980,000

EBITDA: N/A

FF&E: $50,000

Inventory: $50,000

Rent: $10,000 /Month

Established: 2006

Iconic Men's Formal Wear Rental & Sales Business

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Business Description

Iconic Men's formal wear rental/sales business, with a women's retail gown shop. This store has been in the same great location with high visibility and notoriety since 1977. The business is a full-service operation; Bridal, Prom, Corporate and Formal Events; the entire inventory is in stock on the premises of the store. The staff is thoroughly trained to offer every customer the best options for their special event. Customer service is the best of the best and it has a phenomenal review. Management will provide extended transition. Great lease terms in-place. Second location available in Broward County.The staff is thoroughly trained to offer every customer the best options for their special event. Customer service is the best of the best and it has a phenomenal review. Management will provide extended transition. Good lease in-place. Second location available in Broward County. Please refer to listing 2201615941. Business broker William DeCanio 3054843854 when you inquire about this listing.

Detailed Information

Location:
Miami, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
12/31/2026
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease/Month: 10000 Square Footage: 2500 Building Type: Standalone Terms & Options: Expiration Date: 12/31/2026
Competition:
Non Compete : Miles: 30 Years: 3
Financing:
Loan/Seller - Amt: 80,000 Mos: 18 Rate: 5.00 Mo Pmt: 4,622.44
Support & Training:
For 2 weeks at no cost
Reason for Selling:
Divestiture
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William DeCanio

Business Listed By:
William DeCanio

Transworld Business Brokers, LLC

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Sponsoring Broker:
Andrew Cagnetta

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