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Businesses For Sale   >>   Virginia Businesses For Sale Categories   >>   

Red Wing Shoe Store For Sale

Location  Virginia,United States
Asking Price Range  < $250K
Gross Revenues  $420000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1999
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Training and suuport available.
Reason for Sale  Moving.
Description  Red Wing Shoe Store for sale, 681-A North Battlefield Blvd, Chesapeake,VA for sale. Established dealership business (no franchise fees) has been open for almost 11 years and the parent company Red Wing Shoe Company in Red Wing, MN has been around for over 100 years. We have ten years worth of established customer relationships in our database plus a broad base of industrial major account business. 2007 & 2008 our store did over $420,000. In 2009 we were down almost 20% due to lack of inventory. Family priorities, a career change as well as lack of money to help us maintain a proper inventory have us relocating 500 miles away. Our store currently runs itself with a manager and a part timer and bookkeeping is done by the wife. Store is located in highly visible and well traveled area. $165,000 includes existing inventory ($10,000+), all fixtures, furniture,established business database. More inventory will be needed to bring up to acceptable inventory level of $75,000- $100,000. Existing lease in place until 10/31/2011. If seriously interested please contact us and we can talk more about specifics.
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