Description
Men's formalwear store (rental & retail) in Broward County. Well established turnkey business operating for over 20 years in the same location with a loyal clientele. Specializing in men's formalwear rental and retail. Catering to weddings, bar mitzvahs, quinces, proms, black tie and other events. Large and diverse stock of tuxedos, shirts, shoes, and accessories (ties, bow ties, etc). It includes different fits, styles, colors. Strong referral network: repeat satisfied customers, wedding venues, bridal shops, bridal shows, social media, etc. Excellent online presence and great reviews generating strong leads. Relaxed operating schedule with 36 hours a week.Family operated since 1998, acquired in 2018 due to retirement of previous owners.Consistently successful and profitable generating strong revenue. Current owners are very happy with the business performance. Expanding working hours during week-days and weekend can potentially generate 25-30% additional business. The brand name is very strong and well recognized, leading to opportunity to open additional stores north and south of the current location to capture additional market. Prospective buyer may explore expanding sales of suits and accessories to customers beyond traditional clientele. There is no competition in the area!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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3,566SQFT
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$70$/SQFT
School Ratings & Info
Description
Men's formalwear store (rental & retail) in Broward County. Well established turnkey business operating for over 20 years in the same location with a loyal clientele. Specializing in men's formalwear rental and retail. Catering to weddings, bar mitzvahs, quinces, proms, black tie and other events. Large and diverse stock of tuxedos, shirts, shoes, and accessories (ties, bow ties, etc). It includes different fits, styles, colors. Strong referral network: repeat satisfied customers, wedding venues, bridal shops, bridal shows, social media, etc. Excellent online presence and great reviews generating strong leads. Relaxed operating schedule with 36 hours a week.Family operated since 1998, acquired in 2018 due to retirement of previous owners.Consistently successful and profitable generating strong revenue. Current owners are very happy with the business performance. Expanding working hours during week-days and weekend can potentially generate 25-30% additional business. The brand name is very strong and well recognized, leading to opportunity to open additional stores north and south of the current location to capture additional market. Prospective buyer may explore expanding sales of suits and accessories to customers beyond traditional clientele. There is no competition in the area!