$2,500,000
Formalwear Rental
- Status: Available
- Price: $50,000
John Irvine
- License No:
- DRE #00988287
- Email:
- john@lbaweb.com
- Office:
- 925-932-2450
- Mobile:
- 925-932-2450
Description
Formalwear Rental Making
$60,000 Net Income
A family business established for more than 30 years in Contra Costa County is now for sale. Men’s and women’s formal wear – rent or purchase. Look, feel and wear designer clothes for a fraction of the true retail cost. Men’s collection includes; Michael Kor, Stephen Geoffrey, Allure Men, Ike Behor. Women’s collections include; Abby Paris, Primavera, Envious Couture, Van Stefani and many more. Yearly gross sales;
2022 January thru June = $227,012. projection for the year = $400,000
2021 = $188,110.,
2020 = $117.824. (Covid),
2019 = $302,634.
Current monthly rent = $1764. New lease for new buyer. Open six days a week and Sundays during prom season. Owner has been receiving $60,000. +/- yearly. Business is priced at SDE x’s 1.5
Serious inquiries only – Cash needed – no SBA 7a loans.
Business Information
Ownership Type:
Corporation
Year Established:
1983
Year Purchased:
1990
Business Type:
Formal Wear Rental
License(s) Required:
Business
Hours of Operation:
10am-5.30pm / M-Sat
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
4179
Date Available:
08/06/2022
Reason For Sale:
Other business interests
Financial Information
- Annual Total:
- 444,000
- Revenue:
- Annual Net Income:
- 60,000
- Inventory:
- 20,000 - 30,000
- Monthly Payroll:
- 5,000
Lease Information
- Base Rent:
- 1.749/m
- Lease Expires:
- 12/31/2022
- Lease Option:
- New Lease
- NNN:
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms:
Contact Us
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