Established Men's Formal Wear Store in Coral Gables, FL
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Financial Details
- Asking Price:
- $849,000
- Annual Revenue:
- $350,000
- Cash Flow / SDE:
- $200,000
- Valuation Multiple:
- 4.2x
- Location:
- Coral Gables, FL, US
- Source:
- Date:
- April 23, 2025
Key Highlights
- Well-established formal wear business in Miami specializing in tuxedo and suit rentals and sales.
- Large in-house inventory located in a busy shopping district.
- Owner retiring after 40 years, offering training and support for a smooth transition; significant growth opportunity with website and marketing.
Description
Well-established formal wear business in Miami, specializing in tuxedo and suit rentals and sales. The business has a large in-house inventory and is located in a busy shopping district. The owner is retiring after 40 years and offers training and support to ensure a smooth transition. A significant growth opportunity exists through establishing a website and marketing efforts.
Industry Information
- Industry Description:
- Clothing and Accessory Stores
- Classification:
- Retail
Listing Details
- Listing ID:
- d161a833-f2a3-493a-b033-badc238c7e67
- Deal Status:
- For Sale
- Date Posted:
- April 23, 2025
- Last Updated:
- May 26, 2025
- Currency:
- USD
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