Business Overview:
This business enjoys years and years of repeat clientele and word of mouth referrals. They provide repairs for shoes, boots, leather purses, leather jackets, belts and basically all leather goods.
The company is full time owner-operated. Closed 2 days/week. The last 3 years have been fairly consistent as far as sales and bottom line. However, it has done almost double in prior years. The company has never had a website. Business hours Mon - Fri 9 am to 7 pm and Sat. 9 am to 5:30 pm.
Current and prior 2 years tax returns available in package. Financials based on 2010 actuals.
The repair business is learnable. And unlike some industries, does not require a degree. New owner needs to be willing to work, market, have a personality that is pleasant for customer relations, and think outside the box on how to garner higher sales. It is not a business where one has to take paperwork home at night or even a computer unless one wanted to get into internet sales. One would do well though, to have some business savvy.
It could be a perfect venue for one who likes people, likes to work with their hands and wants to segue out of the corporate world.
“The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.”
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.
Property Features and Assets:
Location in high traffic small strip shopping center with at least one syngergistic business that draws the same type of customer. 750 square feet @ $1,250/month. Rent will increase in 2012. Lease expires in 2012. (Customer base is primarily professional business people.)
Market Competition and Expansion:
Very little competition nearby. With the state of the economy, more customers are probably willing to repair their boots, shoes, leather handbags and other leather goods versus buying new. Especially when a pair of footwear fits well, is broken in, etc.
Growth potential and Expansion - New ownership could improve on the marketing, develop a website and social network marketing campaign.
Reason for Selling:
Retirement
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.