High Volume Shoe Store For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $900000
Net Profit / Cash Flow $180000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1992
Number of Employees 6 - 9
Inventory 60000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Support/Training: 4 weeks, 30 hours per week.
Reason for Sale Reason Selling: Other business interests.
Description This store caters to the tourist crowd and the locals alike. Referral partnerships with local hotels bring them by the van-full during peak tourist season. With Summer coming, the timing is perfect for the right Buyer to take possession and enjoy the fruits of the Seller's labor. Steady retail and even online sales of $150k yearly, mostly to prior customers and those that find him through the internet. Sells all ranges and makes and models of shoes, kids shoes, work boots, sneakers, dress shoes, etc...has major accounts with CAT, Dickies, K-Swiss, Skechers, Nike, Adidas, Converse, the list reads like a who's who of retailing. All accounts will be transferred to qualified buyers prior to closing. Seller is active owner operator who works full time along with 6 part time salaried employees. NDA is required for exact business address and to visit as a customer only. Confidential sale, employees unaware, so do not contact them under any circumstances whatsoever.
Facilities: Large high ceiling in heavily trafficked street-front plaza with plenty of parking, plenty of other good tenants in the plaza keeps traffic coming into the store.
Competition: Not many other stores have the same depth and breadth of inventory, shoe accounts, and selection as this one. Serving infants to oversized shoe needs of all customers.
Growth/Expansion: Space is there to add additional inventory and lines of shoes per Seller's directive. He has plenty of ideas he will share with the right Buyer on how to grow gross sales to shatter $1MM plus.
Support/Training: 4 weeks, 30 hours per week.
Reason Selling: Other business interests.
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