Dominant tuxedo sales and rental store in the market
Business Description
This Tuxedo Rental Business is a well-established Bay Area formalwear business with more than 40 years of serving weddings, proms, black-tie events, quinceaƱeras, and other special occasions. The company offers tuxedo and suit rentals, formalwear sales, expert alterations, and personalized styling, earning a strong reputation for exceptional customer service and loyal repeat clientele.
This is a rare opportunity to acquire a respected, turnkey business with an established brand, proven operating history, and a loyal customer base. The motivated seller is ready to transition ownership, creating an excellent opportunity for an entrepreneur or an existing formalwear retailer to expand their footprint.
Significant growth potential exists through expanding e-commerce, increasing digital marketing and social media presence, developing corporate and event partnerships, growing wedding planner relationships, and opening additional locations or mobile fitting services. A new owner can also capitalize on the business's trusted reputation while introducing new product lines, modern technology, and enhanced customer experiences to accelerate revenue growth.
With a solid foundation already in place and multiple avenues for expansion, this business is ideally positioned for its next phase of growth under new ownership.
This is a rare opportunity to acquire a respected, turnkey business with an established brand, proven operating history, and a loyal customer base. The motivated seller is ready to transition ownership, creating an excellent opportunity for an entrepreneur or an existing formalwear retailer to expand their footprint.
Significant growth potential exists through expanding e-commerce, increasing digital marketing and social media presence, developing corporate and event partnerships, growing wedding planner relationships, and opening additional locations or mobile fitting services. A new owner can also capitalize on the business's trusted reputation while introducing new product lines, modern technology, and enhanced customer experiences to accelerate revenue growth.
With a solid foundation already in place and multiple avenues for expansion, this business is ideally positioned for its next phase of growth under new ownership.
About the Business
- Years in Operation
- 30
- Employees
- 12
- Facilities & Assets
- This business has one leased location of 1,100 square feet with a Total monthly rent of $2,486.74. Lease ends 12/2024. Seller is active with 7FT and 5PT combined employees. Hours of operation are 10am-9pm & 11am-6pm 7 days a week. $500,000 in inventory and $50,000 in FF&E included in the asking price. $80,000 made in leasehold improvements.
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- 4 weeks
Listing Info
- ID
- 2358070
- Listing Views
- 2599
Listing ID: 2358070 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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