Tuxedo Rental
Location:
United States
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Arizona
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Maricopa County
Industry: Retail > Wedding / Formal Rental
Business Summary
Rentals and sales of suits, Tuxedos and other formal apparel for men and boys. Store is located in Downtown Scottsdale, right next to Old Town close to Sky Harbor Airport and with easy freeway access. 3,600 sq. ft. leased space for $3,780/mo. 5 year lease expires 12/31/2011 with 2 year option. (Lease is well below market at $1.00 per square foot with 5+ years left on the lease). Excellent working relationships with hotel/resorts in Phoenix/Scottsdale. Same day service provides positive results and customer satisfaction. Can cater large groups and small groups alike. Excellent potential for growth. 2008 Best in Scottsdale Award for Formal Wear.
Price: $550,000
Revenues: $227,845
Owner Benefit: $105,113
Assets: $396,261
Contact Lyle Ferger at (480) 794-0037 for more information
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$227,845
Cash Flow:
$105,113
Cash Flow Type: Sellers Discretionary Cash
Inventory: $371,261
Seller Financing: Yes
About The Business
Year Established: 2002
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Will train for 2 weeks at no cost.
Reason For Selling: Owner has health issues.
Photos
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Click on the "I'm Interested" button above for more information on this Retail > Wedding / Formal Rental business for sale.
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Print Listing Id: 70085319
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