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3521rd Suit Rentals

Ocean, New Jersey

Asking Price: Gross: Cash Flow:
$325,000 $106,050 $70,000

Inventory Value:
$200,000 ( not included in the asking price)

Business Summary:
Excellent opportunity for an aggressive owner operator, in a turn key business to expand well established business. Majority of sales are rentals of Tuxedo's having a full stock of all sizes. Owner has started to expand into sales of fine quality imported shoes, shirts, suits and tuxedo's. No competition in the area. Owner will stay on part time as long as necessary. All numbers are income tax return figures.

 
   
   
Year Business was Established: 2000
   
Number of Employees: 1pt  
   
Facilities / Terms of Lease: 1,200 sq. ft, Ample parking in 8 year old 6 store strip center, 8 yr left on lease.  
   
Potential Growth/Expansion: Expand sales of imported men's clothing to existing business, increase store hours, expand advertising program.  
   
Owner willing to finance: 5 yrs at 7%  
   
Owner willing to train: Will stay on part time as long as new owner would like  
   
Reason for selling: retiring after 40 years  
 

 

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