Listing Number: BBF-8003-81008
Status: May Qualify for Visa

Business Overview

Exceptional opportunity to acquire a highly reputable and long-established formalwear rental business located in prestigious Palm Beach County, Florida. Operating successfully for over 50 years, this turnkey business is known for its premium customer service, high-quality formalwear, and strong presence in the luxury event market.

Situated in a high-traffic, upscale area, the business benefits from consistent demand driven by weddings, proms, galas, black-tie events, and seasonal residents.

This is a well-recognized and trusted brand with a long-standing reputation for excellence.

Financial Highlights

• Asking Price: $795,000
• Gross Sales: $757,791
• Discretionary Earnings: $278,970
• Down Payment: $795,000

Key Features

• 50-year established and highly trusted formalwear business
• Strong reputation in Palm Beach luxury event market
• Consistent revenue from tuxedo rentals and formalwear sales
• Wedding, prom, gala, and special event clientele base
• Appointment-based model ensuring personalized customer service
• Located in affluent, high-demand retail corridor
• Stable, proven, and recession-resilient business model

Operations

The business currently operates on an appointment-only basis, allowing for highly personalized fittings and efficient scheduling. The structure is simple to manage and highly scalable with additional hours and marketing expansion.

The owner is committed to a smooth transition and will provide:

• 2 weeks of hands-on onsite training
• Continued phone support after sale

Growth Potential

• Extend operating hours (currently ~30 hrs/week, expandable to 60+ hrs/week)
• Implement modern digital marketing (SEO, Google Ads, social media)
• Partner with wedding planners, venues, and schools
• Expand corporate and group rental programs
• Strengthen online booking and customer engagement systems

Ideal Buyer

Perfect for an investor seeking a stable, high-margin retail service business or an industry professional looking to acquire a respected, long-standing formalwear operation in a premier Florida market.

Business Details

• Category: Clothing / Formalwear Services
• Type: Formalwear Rental & Sales
• SIC Code: 7299
• Location: Palm Beach County, Florida
• Business Relocatable: Yes
• Home-Based: No
• Franchise: No
• Lender Pre-Qualified: No
• May Qualify For Visa: Yes

Assets Included

• Inventory: $100,000 (Included)
• Rental Formalwear Inventory: $200,000 (Included)
• Furniture, Fixtures & Equipment (FF&E): $9,000 (Included)
• Leasehold Improvements: $50,000 (Included)
• Total Assets: $359,000