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Address Not Available By Request

Danbury, CT 06810
  • $299,900
  • STATUS: Active
  • ON SITE: 144 Days
  • MLS #: 170464953
UPDATED: 67 min ago
$299,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $214
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

This business rents & sells tuxedos and suits, along with shirts, ties, vests, shoes, etc. for formal occasions like weddings, proms, black tie events, funerals, award ceremonies & special events.Renting makes sense, especially for seldom and one-time events, or when you want the latest styles, colors, and custom fitting.Business also sells new and used tuxedos and suit combinations, and does expert alterations.Business Info:Full inventory of up-to-date tuxedos & suits. Over 1,600 jackets in inventory.Business rents +/- 2,350 tuxedos, suits, etc. at an average price of $170 per rental.Business started in 1982 (40 years).Current Owner purchased the business in 2008 (14 years).Sales for the 3 years before the pandemic averaged over $400,000 per year.Cash Flow (SDE) after business expenses averaged over $170,000 per year.New Owner Projected Proforma sales (after the pandemic is under control) is estimated at +/- $433,600.New Owner Projected Proforma Cash Flow (sellers Discretionary Earnings) after the pandemic is under control) is estimated at +/- $190,000.See more below...Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-06-27T13:10:08.34.
www.sellwithchambers.com/homes/125317733
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Address Not Available By Request Danbury, CT 06810

  • Price: $299,900
  • Status: Active
  • On Site: 144 Days
  • Updated: 67 min ago
  • MLS #: 170464953
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,400
SQFT
$214
$/SQFT
Neighborhood:
City Center
County:
Fairfield
Area:
Danbury
Property Description
This business rents & sells tuxedos and suits, along with shirts, ties, vests, shoes, etc. for formal occasions like weddings, proms, black tie events, funerals, award ceremonies & special events.Renting makes sense, especially for seldom and one-time events, or when you want the latest styles, colors, and custom fitting.Business also sells new and used tuxedos and suit combinations, and does expert alterations.Business Info:Full inventory of up-to-date tuxedos & suits. Over 1,600 jackets in inventory.Business rents +/- 2,350 tuxedos, suits, etc. at an average price of $170 per rental.Business started in 1982 (40 years).Current Owner purchased the business in 2008 (14 years).Sales for the 3 years before the pandemic averaged over $400,000 per year.Cash Flow (SDE) after business expenses averaged over $170,000 per year.New Owner Projected Proforma sales (after the pandemic is under control) is estimated at +/- $433,600.New Owner Projected Proforma Cash Flow (sellers Discretionary Earnings) after the pandemic is under control) is estimated at +/- $190,000.See more below...Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received.
Exterior Features

Road Frontage Description State RoadPaved Road

Interior Features

Cooling System Central Air Heat Type Hot Air Interior Features Window Display Restrooms Number Of 2

Property Features

Bank Owned Property Yn No Business Name Tuxedo Rental Business Documents Available Demographic DataOther Garage Parking Info PavedOff Street ParkingParking Lot Heat Fuel Type Electric Landlord Requirments Credit CheckSecurity DepositLease RequiredLease RestrictionsAnnual IncreaseNet-Net-Net Lease Lease Years Remaining 0 Location Strip Mall Possession Availability Asap Present Use Tuxedo Rentals Sewage System Public Sewer Connected Sign Yn No Tenant Responability All UtilitiesCommon Area MaintenanceCredit CheckElectricityHeatHot WaterInsuranceMaintenance/Repairs Utilities Available ElectricTelephoneCable Water Source Public Water Connected Zoning Bus

Listing information © 2022 Smart MLS
Listing provided courtesy of Charlie Vlahos of Blanket Real Estate.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-06-27T13:10:08.34.
 
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Alan Chambers Real Estate | Keller Williams Ridgefield
404 Main Street
Ridgefield CT, 06877