Well-known high end Shoe Store for sale NOLA: $125,000

Asking Price$125,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$21,000
Included in asking price
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Well-known high end Shoe Store for sale NOLA: $125,000


Asking Price$125,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$21,000
Included in asking price
Business Description
This is one of the longest-standing, most well-known and well-loved reputable Shoe and Fashion Accessories Boutiques in New Orleans area. The revenue can be grown significantly with one single easy to implement strategy. Owners are selling to move out of state.

This is a Fashion Shoes and Accessories store known for offering a highly personalized, expert-level shopping experience and selling high quality foot ware. The store has been around since 1977 surviving all the changes and shifts that the retail industry has been through and has built a strong brand and even stronger reputation. 
The average spending per customer is $1,000, and the customer base is loyal. The store is currently not doing any online sales leaving on the table most of the revenue it could produce. Revenue can be easily grown over the 1 Million dollar mark by simply adding and E-commerce platform to the website, Instagram and Facebook accounts.
About the Business
Years in Operation
49
Employees
5 (4 Full-time, 1 Part-time)
Facilities & Assets
The boutique operates out of a building that is over 100 years old, offering character and a spacious interior. The current rent is $5,100 per month, which includes electricity and water.
All assets are in excellent condition.
Market Outlook / Competition
There is another shoe store one mile away, but the competitive overlap is limited, as the other store focuses on athletic footwear and shoe accessories, making it a distinctly different concept from this Boutique's Fashion-Forward boutique model.
Opportunities for Growth
The store can be grown over the one million dollar level in a short period of time using one specific strategy that is relatively easy to implement. Details available per request.
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Sellers need to move out of town closer to their aging parents.
Transition Support
The sellers will be available for up to 30 days after the sale for transitional training for the new owners.
Listing Info
ID
2463385
Listing Views
23

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Business Listed by: Adriana Cowart Chisca Group

Listing ID: 2463385 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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