Well-established specialty SHOE STORE

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Specialty Shoe Store
Asking Price:
$160,000

Gross Revenue:
$557,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$250,000
not included in asking price

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

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Business Description

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

Location:
Kailua Kona, Hawaii
Year Established:
1985
Number of Employees:
2 owners + 2P/T
Real Estate:
Leased
Building Sq. Ft.:
1,530
Rent:
$9,700.00 Per Month
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
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.
Seller Financing:
Partial Seller financing for qualified buyer/s with a strong down payment

Listing Info

ID:
1587636
Ad Detail Views:
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Business Listed by

Mark Chesler

Hawaii Sunset Real Estate

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