Asking Price: $160,000 Gross Revenue: $557,000Cash Flow: $100,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $250,000 not included in asking priceFF&E: $20,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Beautifully designed retail superstore packed from floor to ceiling with the finest selection of high-end brands of shoes/flip flops and accessories (hats, sunglasses, backpacks). This is by far the largest retail shoe store located in heart of downtown Kailua-Kona, Hawaii ....with an absolute oceanfront facing footprint! Specializing in the most popular brand lines, 10 of which they have the authorized exclusive dealerships! A traditional "sit-and-fit" shoe store that distinguishes itself with excellent customer service. Dedication to treating and fitting customers with good old fashioned professional and caring service has allowed this family owned business to continue to thrive in Kona, Hawaii for over 33 years. This business not only survived the 2008 recession, it grew! Specializing in comfort with fashion, they carry over 17 quality brands; including European, orthotic, and diabetic specialty shoes. Stocked to the gills, the asking price includes $300,000 of turn-key standing inventory....
About the Business
Kailua Kona, Hawaii
Number of Employees:
2 owners + 2P/T
Building Sq. Ft.:
$9,700.00 Per Month
Located in the absolute busiest 'prime' part of downtown Kona, with gobs of foot-traffic all day long! 1530 Sq. Ft. packed from floor to ceiling of the best brand lines of shoes specializing in island style, comfort and fashion all beautifully displayed. With adjacent and ample free parking, this is where the tourists/locals park to walk thru all the shops and restaurants in Kona's "downtown" epicenter... including the shoe store! We have many more pictures available on request...check it out! Also, buyer will have the ability to negotiate a new lease.
Largest specialty shoe store on the Big Island of Hawaii. Exclusive dealer/seller of: Birkenstock, Mephisto, Chaco, Teva, Fit Flop, Onex, Clarks, Nuu Sol, Vibram-5 Fingers, Merrell. Semi-exclusive dealers of: Vionic, Keens, Reef, Olu Kai, Island Slipper, Da Kine, Havaianas.
Growth & Expansion:
This business is generating these large revenues yet spends literally only 1% of their gross sales towards advertising. At the moment, the business is not actively using social media nor has a web presence to boost sales.... That leaves the door wide open for a huge marketing campaign that could drive sales thru the roof! It should be very easy for a savvy entrepreneur to utilize technology to capture an even larger market share than simply the organic walk-in's.
Up to 30 days included at no cost to ensure a smooth transition. In addition, current owner is willing to stay on as a compensated employee (for up to 1 year) while new owner/s master this industry. Seller's are also willing to offer partial seller-financing of the $250,000 of inventory thru negotiable terms and conditions.
Partial Seller financing for qualified buyer/s with a strong down payment
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
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