A longtime rental company is going on the sale block. By order of the Tennessee State Court, there will be a sale of Eaves Formal Wear .
Compass Auction is handling the sale.
Compass officials said, "This represents a rare opportunity for entrepreneurs looking to bypass start-up time and expenses -- or for existing companies looking to expand their market.
Known as a leading provider of formal wear rentals and fulfillment in the Southeast, Eaves Formal Wear is being offered for a fraction of its actual value. Interested parties can step into an established, fully operational formal wear business (with $300K+ in inventory and assets) for nickels on the dollar."
Compass Auctions and Real Estate will broker the sale.
Officials said, "As a trusted expert in national and regional real estate sales, Compass is dedicated to providing value and peace of mind to all potential buyers."
“We’re here to help buyers get a great value and hit the ground running,” said Paige Holt, Compass President and CEO. “This is an incredible opportunity to take ownership of a successful formal wear business and, due the extremely low sales price, to instantly gain a substantial amount of equity in the process.”
"Eaves Formal Wear is being offered for immediate sale from highly motivated sellers. Interested buyers are encouraged to act quickly. With a database full of clients, a warehouse full of quality inventory, plus equipment, delivery vehicles and office furniture… Eaves Formal Wear is ready for business from day one. Just take the keys and go.
"The sale of Eaves Formal Wear offers more than a great value. It’s a chance to reclaim a respected brand with a proud tradition of quality service and business excellence. Its doors shut suddenly and unexpectedly. But to the community it served and the network of partners it supported, it remains a trusted part of the formal wear rental and fulfillment industry. Eaves’ vast database of clients, partners and suppliers is a testament to a business built on relationships – friendly contacts eager to reconnect and restart."
Contact Info:
Paige Holt, President
Steven Holt, Vice President
Compass Auctions and Real Estate
Phone: (800) 729-6466
Email: Info@SoldOnCompass.com
3114 Freeman Street, Chattanooga TN 37406