Rental Biz w/ Real Estate-High Margins
| Asking Price: | $3,900,000 | Inventory: | $1,000,000 ++ |
| Gross Revenue: | $1,850,000 (comments below) | Real Estate: | $1,700,000 ++ |
| Cash Flow: | $790,000 (comments below) | FF&E: | $100,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 1.7 sales plus rent | |||
| Cash Flow Comments: 75k other tenants | |||
Formal Wear/Tuxedo Rental and Limousine service including rental income from high visibility real estate. The business generates most great profit margin and is available without the real estate, but consider the package for the long run. This is one of the finest operations of its type in the country with a great name recognition.
About the Business
Year Established:1995
Employees:8 full time - 8 part time
Facilities:Beautiful and highly visible retail spaces with tenants in all facilities not used by Business.
Market Outlook and Competition:Excellent. Has held steady for past 6-8 years in all business climates. Could take over some competition if wanted. Could also expand the limousine business to include airport pickups, etc. since the business does have the necessary licenses (which are hard to come by!) Has a great reputation.
About the Sale
Reason For Selling:Other interests.
Seller Financing:10 % maybe.
KEYWORDS: Real estate, strip center, limousine, limosine, chauffer, formal wear, tuxedo, rental
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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. Please review the full Disclaimer here.
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