Long-Established Family-Owned Adult Shoe Store

Buffalo, NY
Erie County

Large, fully rented shopping center in Erie County

Asking Price: Annual Revenue:
$119,900 $268,800

Retail: Clothing & Accessories

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RE: Long-Established Family-Owned Adult Shoe Store Broker: Max Reardon

Quick Facts

Asking Price: $119,900
Annual Revenue: $268,800
Net Profit: Not Disclosed
Cash Flow: $59,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: New York
Year Established: 1943
Employees: 3
BBN Listing #: 859340071
Broker Reference #: 3634

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Business Overview:

~A turnkey adult shoe store that has earned the trust of the community for 75 years, providing expert knowledge for hard-to-fit shoes
~Very large and loyal customer base
~Highly experienced and trained staff
~Great location with high traffic and with plenty of parking
~Located in the middle of a large Plaza, with 39 other retail stores! Plaza has a total of 91 businesses.

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Property Features and Assets:

2,000 square feet facility. 5 years lease starting 6-1-15 to 5-31-20. Current year rent is $16,321.

Market Competition and Expansion:

Great name recognition for being in the WNY Adult Shoe business for over 75 years!

Reason for Selling:

The seller is ready to retire.

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.

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