$240K Net - Alteration & Shoe Repair – 45 Years Established
Business Description
HS Listing ID-67887
In continuous operation for 45 years, Operated by current owners (husband and wife) since 1993
Owner Willing to Train for 30 days.
Gross revenue steady for past 3 years @ $280,000/yr w/ Cashflow of $240,000/yr
Extremely low expenses
Owner has been closing a month every year to take vacation with wife
Offers both alterations (80%) and shoe/leather repair services (20%)
Accepts cash and check only — huge growth potential by adding credit card payments
No direct competition in the area, landlord-assigned exclusivity agreement ensuring no competing alteration services in the center
All equipment/inventory included
3+5 years left on lease, landlord will give 5+5 to new tenant
Seller Financing available $120k down @ 6% for 24 month
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
In continuous operation for 45 years, Operated by current owners (husband and wife) since 1993
Owner Willing to Train for 30 days.
Gross revenue steady for past 3 years @ $280,000/yr w/ Cashflow of $240,000/yr
Extremely low expenses
Owner has been closing a month every year to take vacation with wife
Offers both alterations (80%) and shoe/leather repair services (20%)
Accepts cash and check only — huge growth potential by adding credit card payments
No direct competition in the area, landlord-assigned exclusivity agreement ensuring no competing alteration services in the center
All equipment/inventory included
3+5 years left on lease, landlord will give 5+5 to new tenant
Seller Financing available $120k down @ 6% for 24 month
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2423440
- Listing Views
Listing ID: 2423440 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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