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Formal Wear Business In Pennsylvania For Sale

Pennsylvania, US
Asking Price:
$195,000 Furniture / Fixtures included
Sales Revenue:
$250,536
Cash Flow:
$134,699

New location added in a high traffic mall! Serving customers in need of special occasion attire in it's new location in addition to continuing to support repeat and referral customers in it's previous location. Since 1982 this business has specialized in tuxedo rental and sales for weddings and special occasions. In addition, it has expanded over the years into rental and sale of suits and sale of prom and special occasion dresses, making itself a strong competitor in the formal wear business.

Property Information

Premises Details:

New location added in a high traffic mall! Serving customers in need of special occasion attire in it's new location in addition to continuing to support repeat and referral customers in it's previous location. Since 1982 this business has specialized in tuxedo rental and sales for weddings and special occasions. In addition, it has expanded over the years into rental and sale of suits and sale of prom and special occasion dresses, making itself a strong competitor in the formal wear business.

Business Operation

Expansion Potential:

There is potential for growth by expanding offerings in suits for men or bridal and bridesmaid dresses.

Competition / Market:

While there are a handful of competitors in the region, the inventory and customer service this business offers keep it competitive. And the new location added in late 2019 is in a busy business district and can capture customers comparison shopping at other area competitors.

Reasons for selling:

Owner is retiring.

Trading hours:

Mon-Sat 10am-8pm; Sun 11a-5pm

Employees:
2 FT/ 2 PT
Years established:
37 Years

Other Information

Support & training:

Will train for 2 weeks @ no cost.

Financing available:

Lender pre-screened with $19,500 down.

Furniture / Fixtures value:
$27,028 - included in the asking price
Inventory / Stock value:
$80,000

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