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 AdvantagesThe "Same-Day" Competitive Edge: Fully stocked in-house inventory allows for immediate turnaround on rentals and retail salescapturing 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 attireincluding designer inventory such as Ralph Laurenoffering classic and contemporary styles
| MLS # | A12063126 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 29 |
| Listing Provided By | United Realty Group Inc | Art Snow |
| SQ Feet | 6,449 |
|---|---|
| Zoning | 5004 |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Coral Gables |
| Zip Code | 33134 |
| Area | 2410 |
| Listing VS Median (in 33134) | |
Price: $999,000 low | high Med: $20,000 sqft: 6,449 low | high Med: 2,763 $ / sqft: $155 low | high Med: $8 On site: 29 low | high Med: 123 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Coral Gables |
| Zip Code | 33134 |
| Area | 2410 |
| Listing VS Median (in 33134) | |
Price: $999,000 low | high Med: $20,000 sqft: 6,449 low | high Med: 2,763 $ / sqft: $155 low | high Med: $8 On site: 29 low | high Med: 123 | |