Last Revised: 10/3/19. Posting #: 10249126
Key Words: tuxedo, tuxedo rental, apparel, formal wear, clothing, washington
Financial Info: Asking Price: $140,000. Gross Revenue: $360,000. FF&E: $25,000. Seller will consider seller financing with a solid down payment.
Profile: Proudly serving the ever expanding Northwest Arkansas Region for nearly 50 years.
While focused on Tuxedo Rentals, we believe there are many cash flowing niches that could be added to this extremely well located and equipped facility.
They have a large inventory for emergency rentals which allows them to help people in a time of need. In addition they have multiple sources with a wide selection of options for those with a longer time horizon. In other words, they can fill every possible need.
They also provide measuring services for out of town formal wear rental companies for locals that are traveling to special events out of the area.
A new owner could easily add bridal dress maker, tailor, alterations, formal wear sales and costume rentals for the quickly growing theatre and movie industry.
This is the number one tuxedo rental location in NWA with the best service and pricing, making it the go to place for formal wear rental.
We believe it would be a good foundation to build on with additional services/products/partnerships and some marketing.
Facilities: Located in prime retail area with plenty of parking and multiple fitting and changing rooms plus room to expand
Competition: Nearly 50 years of market dominance. This establishment is better priced on rentals than its competitors and better prepared for short term notice on business. Other competitors often refer business to this establishment if they can not complete the job in time. The name is also synonymous with formal wear rentals in Northwest Arkansas.
Growth & Expansion: There are many opportunities to expand this business. It is currently just servicing men with tuxedo rentals. Men and women's formal wear sells can be incorporated. There are many more opportunities that will be presented.
Support and training will be provided by the seller for as long as buyer and seller agree to terms.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
View All Related Resources & Advisors For This Posting
Profile: Jim Thomas is the well-known founder and president of Fitness Management USA Inc., a management consulting, turnaround and brokerage firm specializing in the fitness, health club, and sports industry throughout the United States.
Key Words: jim thomas, fitness management & consulting, gyms for sale, business broker, business valuation, due diligence, consulting, fitness, gym, interval training, health club, athletic club, crossfit, dallas, collins, washington dc, marion, hillsborough, portland, multnomah, anna, prescott valley, yavapai, guliford, cicero, kings, leadville, lake, celina, raliegh, durham, clifton park, saratoga, cincinatti, hamilton
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Whether it’s a business owner/seller or a business broker representing a business owner who is selling, buyers of businesses must be diligent about asking the right questions and getting the right information up front before wasting their time or losing money in a potential futile transaction.
Key Words: buying a business, peter siegel
Profile: Buyers often explore buying a franchise instead of an independent business because of certain benefits that come with doing so, however, choosing the right franchise to buy can be hard. With the number of franchises only growing this article helps business buyers select the right franchise for them.
Key Words: franchise, buying a business, business buyers, buying a franchise, spencer siegel
Profile: When posting either a For Sale or Wanted To Buy Posting on BizBenNetwork, effective copy can be critical for catching the attention of either a prospective buyer (with a For Sale Posting), or a seller (with a Wanting Posting). Peter Siegel covers what our research shows works best in BBN postings.
Key Words: postings, posting, peter siegel, advertising
View Related Blog Posts For This Posting
Profile: BizBenNetwork Facilitator Manager Jordan Green (at 925-785-2282) explains the crucial role that business wanted to buy postings on BizBenNetwork play in providing buyers with a voice within the small business marketplace. Included are the best practices for advertising a business wanted posting.
Key Words: buying a business, buy a business, selling a business, sell a business, buyer, business buyer, business buyers, business wanted, business wanted to buy, advertising, marketing, jordan green
Related Discussions For This Posting
Comments & Replies: 11 Topics: buying a business, deal structures, legal issues
Profile: Every day, I speak to business brokers and business owner/sellers, and I hear some pretty amazing stories about potential buyers of small to mid-sized businesses. I tend to ask them what traits they listen for to see if a potential buyer is serious and what traits or buyer actions are deal killers.
Key Words: buying a business, buy a business, mistakes, business buyers
Comments & Replies: 11 Topics: business brokers, buyer representation, buying a business, financing, non SBA loans, SBA loans
Profile: I was asked this question by a buyer: “I’ve been looking for a small business to buy for over a year. Many business brokers are telling me that if you don’t find a business (or at least make an offer on a business) within a year, you’re probably not really serious about buying a business.
Key Words: buying a business, purchase business, business buyers, buyer, buy a business
View All Discussions
Comments & Replies: 11 Topics: advertising, buying a business, for sale by owner, non disclosures, selling a business
Profile: Recently a business owner asked me on the phone, "Why do you keep the sale of a business confidential? How do you keep the sale confidential - any good tips?" Multiple BBN Members weigh in on this topic and give some very good reasons why confidentiality is so important to both sellers and buyers.
Key Words: nda, confidentiality agreement, non disclosure agreement, confidentiality, confidential