Description:

The company specializes in the rental and sales of formal wear, suits, and accessories. The company services weddings, proms, black tie events, and other occasions requiring a formal dress code. With skilled and experienced employees, the company is known for its ability to customize and alter products for customers in a timely manner.

Key Aspects:

Expansion to five storefronts spanning two states allows for a wide reach of potential customers
In operation for over 17 years
Conveniently located warehouse allows for cost effective distribution and shortened lead times on altered garments
Wide variety of products in various styles appeals to customers looking for formal wear for different events
Experienced staff provides best-class product knowledge and alteration services

Opportunities:

Continue geographic expansion to different states in the Midwest to capture more potential customers
Expand product base and marketing opportunities to focus more on more garments for women
Update the style and branding of the stores to reflect a contemporary look with modern accents in order to continue to appeal to younger customers
Cross train employees in order to limit overhead costs and maximize the efficiency of the staff on-hand

Market Currently Served:

The company currently serves consumers in need of purchasing or renting formal wear and business attire in the Midwest

Real Estate:

The company operates from five retail locations leased from unrelated third parties and an 8,000 square foot warehouse leased from an affiliated entity

Ownership:

The owners are in agreement of the sale of the company and are seeking retirement. Both are willing to remain for a transition period if needed

Contact Matt Kekelis at 615.924.8950 or MKekelis@benchmarkintl.com and include the client code BN000044943.

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Multi-Location Formal Clothing Company Specializing in Retail and Rental Services – BN000044943

Multi-Location Formal Clothing Company Specializing in Retail and Rental Services – BN000044943

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