Fashion Shoe Store in Aventura for 32 Yrs.

Not Disclosed, FL
Miami Dade County


Asking Price: Annual Revenue:
$400,000 $598,165

Retail: Clothing & Accessories


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RE: Fashion Shoe Store in Aventura for 32 Yrs. Broker: Russell Cohen

Quick Facts

Asking Price: $400,000
Annual Revenue: $598,165
Net Profit: Not Disclosed
Cash Flow: $70,027
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 3
BBN Listing #: 77614955
Broker Reference #: 1043-15956

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Business Overview:

Reason for Sale: Retiring- Profitable & Established fashion shoe store in Aventura. Since 1988 this retail shoe store has been selling ladies fashion footwear & accessories handbags. Great location in highly desirable Aventura shopping center with National anchors & many prominent retail businesses. Seller carries top brands like Jeffrey Campbell, Moschino, Stuart Weitzman, Arche & many more. Below market lease extends to 2022. 3 experienced employees with long tenure. $400,000 worth of inventory included in the sale. Owner benefit $70,000 for a working owner. Should qualify for VISA. 2019/2018/2017 tax returns on file + 3- W2 employees on payroll. Verifiable books & records. Seller travels to 3 trade shows to source all merchandise.

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Property Features and Assets:

Lease extends to 11/30/2022- Rent $8,900/month - 2,600 square feet - Great Aventura Shopping. Assets= $450,000

Reason for Selling:

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.

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