Shoe Repair & Accessory Store on East Side - 31672

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Asking Price:
$99,000

Gross Revenue:
$182,000
Cash Flow:
$54,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$8,000
not included in asking price

FF&E:
$20,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

After 40 years serving the shoe repair needs of this affluent Manhattan neighborhood, the owner of this Shoe Repair & Accessory Store is moving back to his home country to retire. Another experienced shoe repair person will immediately understand the golden opportunity he has here. The rent is dirt cheap at $2,060/month for this location. Besides the loyal customers you will inherit, the store comes with all the machines that have dependably performed hard work over a long period of time. With a few more employees, a new owner could change the store to quick service and be even more profitable. Historically, the store has only taken cash. Simply putting in a point of sale system that allows customers to wipe, dip, or tap with every major credit card could also make a positive difference in sales and profits. Please become a premium member at www.vestedbb.com to obtain the address for listing 31672 and then feel free to discreetly visit the location. Kindly do not ask for the owner, nor speak with any of the employees. Please contact the listing broker, Jay Goldman, to make an appointment to meet with owner. Jay can be reached at 1-877-735-5224.

About the Business

Number of Employees:
2
Website:
www.vestedbb.com
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Yes
Seller Financing:
99,000.00 Down & Please make your best all down offer!

Listing Info

ID:
1570663
Ad Detail Views:
20

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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