Formal wear rental shop for suits and gowns

Grooms and groomsmen, wedding parties, graduating students, and people attending formal events.

Rental fees per outfit or per wedding party package, plus accessories like shoes, ties and cufflinks, and fees for late returns or damage.

• Sizing and fitting
• Sales and upselling
• Managing stock and bookings
• Handling staff or part-timers

• Commercial lease terms, deposits and fit-out costs, so get advice before signing
• Commercial general liability and contents insurance
• Business licence and signage rules from your municipality
• Heavy seasonality around weddings and grad, so plan for quieter months
• Alterations and cleaning costs, plus tracking stock across many sizes
• WCB or WSIB coverage once you hire staff, check your province
• GST/HST registration and provincial sales tax rules

Startup costs are typically estimated at around $20,000 to $80,000, depending on your premises, lease deposits, fit-out and how much stock you buy across sizes. Treat this as an estimate, not a quote.

Monthly revenue is typically estimated at around $5,000 to $22,000, depending on location, stock range and how many wedding and grad bookings you take. These are estimates, and revenue is not profit after rent, cleaning and alterations.

Get advice on lease terms, deposits and fit-out costs before signing. Check business licence and signage rules with your municipality, commercial general liability and contents insurance, WCB or WSIB coverage once you hire staff, and GST/HST and provincial sales tax rules.