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Business For Sale

Retail Shoes Plus 3 Story Building

Not Disclosed, NJ

Commercial Real Estate: Retail

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$1,950,000
Not Disclosed
Not Disclosed
$31,876
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1905
3
65182979

Business Overview:

Thriving shoe store plus apartment building where it is located. Family operated store for 103 years. Very successful as followers of store and their descendent have been stopping by for over 100 years. Shoe store sells major brand name shoes at discount prices. Located at busy intersection sold as package along with store inventory. Building 3 stories is fully rented with an adjoining store rental with 4 apartments in each of the above floors, every one in the city where it is located is familiar with place. Business is being sold with commercial building where it is located. All rentals are occupied first floor has 2 rental stores one of which is the shoe store 2nd and 3rd floor have 4 apartments each – rental incomes and positive cash flow figures available with fact sheet – buyer has to register to obtain information. All Figures Are From Income Tax Returns. Existing building is also perfect for developer of improvement – retail spaces first floor with conversion to new apartments above. Building and zoning codes will allow for a 4 story structure at this site one floor higher than present building.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Market Competition and Expansion:

Competition: Since this specific business has been around for years grand children of the original family member and their children are frequenters of this establishment. Expansion: The name is well known and to go into mail order, catalog or online sales would be an easy process.

Reason for Selling:

Owner is retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources: