Frank Evans - Preferred Properties Int'l Realty, Inc Logo
Price Reduced Listing
$950,000
( $147.31Per Sq Foot )
 $5,100 est/mo Sourced by Back At You

Xxxx Miracle Mile,Coral Gables, FL 33134

Coral Gables, FL 33134

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Description

High-Margin Formalwear Retail & Rental - Immediate Turnkey Opportunity! An exciting opportunity to acquire a well-established, highly specialized formalwear and tuxedo sales and rental business. I & A Formalwear has built a strong reputation and a dependable customer pipeline by solving a major pain point in the formalwear industry: same-day, on-the-spot outfitting. Unlike competing shops that rely on third-party catalogs, off-site warehouses, and lengthy turnaround times, this business operates with an extensive, fully owned in-house inventory. Customers can walk in without an appointment, be professionally fitted in minutes, and walk out ready for a gala, prom, wedding, or black-tie event the very same day. This unique operational model drives high customer satisfaction, strong word-of-mouth referrals, and consistent, high-margin revenue. Investment Highlights & Competitive Advantages The "Same-Day" Competitive Edge: Fully stocked in-house inventory allows for immediate turnaround on rentals and retail sales-capturing lucrative last-minute event traffic that competitors turn away. Dominant "Big & Tall" Niche Specialist: Exceptional selection of hard-to-find extended sizes (sizes 50 up to 70 Extra Large), creating a loyal regional destination for customers who cannot find proper fits at standard chain stores.Premium Designer Brands: Features high-quality, fashionable attire-including designer inventory such as Ralph Lauren-offering classic and contemporary styles

Details

MLS #A12063126
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site38
Listing Provided ByUnited Realty Group Inc | Art Snow PA

Features

SQ Feet6,449
Zoning5004

Area Information

StateFL
CountyMiami Dade
CityCoral Gables
Zip Code33134
Area41
Listing VS Median (in 33134)
Price:
$950,000
low | high
Med:
$18,000
100% of Average
sqft:
6,449
low | high
Med:
4,314
83.105907892697% of Average
$ / sqft:
$147
low | high
Med:
$5
100% of Average
On site:
38
low | high
Med:
103
36.893203883495% of Average
Sourced by Back At You

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyMiami Dade
CityCoral Gables
Zip Code33134
Area41
Listing VS Median (in 33134)
Price:
$950,000
low | high
Med:
$18,000
100% of Average
sqft:
6,449
low | high
Med:
4,314
83.105907892697% of Average
$ / sqft:
$147
low | high
Med:
$5
100% of Average
On site:
38
low | high
Med:
103
36.893203883495% of Average
Sourced by Back At You
Listing Updated: September 3, 2026 at 10:35:16 AM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc