, City CenterDanbury, CT 06810MLS Number 170464953

  • Price: $299,900
  • 107 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
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Danbury CT 06810
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  • 1,400Square Feet

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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.
Listed by Charlie Vlahos of Blanket Real Estate

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More Info

Basic Information

  • Broker NameBlanket Real Estate
  • List Price$299,900
  • MLS Number170464953
  • Property TypeBusiness For Sale
  • StatusACT
  • TownDanbury
  • Virtual TourView Tour
  • Gross annual expense$201,524
  • Gross annual income$433,633
  • Also for leaseNo
  • MLS StatusActive

Auction

  • Bank owned propertyNo

Other

  • Documents AvailableDemographic Data, Other
  • Lease purchaseNo
  • Purchase optionNo
  • Landlord requirments
    • Annual Increase
    • Credit Check
    • Lease Required
    • Lease Restrictions
    • Net-Net-Net Lease
    • Security Deposit
  • Inventory includedYes
  • Net operating income190265
  • Space is leasedYes
  • Present useTuxedo Rentals
  • Equipment includedAll Equipment, F & F's are included (See Asset List)
  • View Count2

Basic Information

  • Agent IDB6782

Building

  • AtticNo
  • Garage Spaces
  • Garage Parking InfoPaved, Off Street Parking, Parking Lot
  • Square Feet1,400
  • Restrooms number of2
  • Stories1
  • Additional space availableNo

Interior

  • Interior featuresWindow Display

Utilities

  • Heat SystemHot Air
  • Heating FuelElectric
  • Utilities availableElectric, Telephone, Cable
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Location

  • CountyFairfield
  • LocationStrip Mall
  • NeighborhoodCity Center
  • StateCT
  • Zip06810

Property

  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Business nameTuxedo Rental Business
  • Business licencesnone
  • Employees number of4
  • Road Frontage DescriptionState Road, Paved Road
  • SwimmingpoolNo
  • Land included w businessBusiness Only (No Real Estate)
Sotheby's International Realty | William Pitt
Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

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