Tuxedo Sales and Rental
Milpitas, CA
| Asking Price: | $711,000 |
| Gross Revenue: | $1,214,735 |
| Rent: | $2,486.74/Month |
| Established Year: | 1996 |
| Cash Flow: | $349,181 |
| Inventory: | $500,000 |
| FF&E: | $50,000 |
Listing ID: 2222478Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is a profitable business with strong market share. This business is profitable and stable, currently little to no paid advertising is being used. The right buyer can grow this business by scaling and opening other locations. This can easily be treated as an absentee business as key employees are very capable of running the business and are well compensated. This business is primed for growth to a second and/third location. For more detailed information, please contact listing broker Ardeshir Vosooghi at ardeshir.vosooghi@fcbb.com or 650-397-6564.
DETAILED INFORMATION
Location
Milpitas, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,100
Lease Expiration
01/12/2024
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Support & Training
4 weeks
Reason for Selling
Retiring
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