Tuxedo Sales and Rental Business in South Bay

This established tuxedo sales and rental business, located in South Bay, offers a strong market presence and profitability. With a gross revenue of $1,214,735 and a total income of $349,181, the business is stable with minimal reliance on paid advertising. The current owner is retiring, presenting an opportunity for a new buyer to capitalize on significant growth potential by scaling operations and opening additional locations. The business is well-suited for absentee ownership, as key employees are capable and compensated. Established in 1996, this venture is primed for expansion. Key assets include substantial inventory valued at $500,000, leasehold improvements totaling $80,000, and equipment/fixtures worth $50,000. The premises, spanning 1100 sq ft, are leased with an expiration in December 2024 and a monthly rent of $2,487. The owner is retiring, making this an attractive opportunity for a buyer looking to expand their portfolio or enter the retail sector.