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  • RE:  Mens Shoes Wholesaler - $400,000 Inventory Include
  • Contact:  Fernando Mello
Owner Financing is Available!
Loan/Other - Amt: $624,100.00 Mos: 120 Rate: 11% Mo Pmt: $8,596.98

Quick Facts

Asking Price: $650,000
Annual Revenue: $1,348,995
Net Profit: Not Disclosed
Cash Flow: $174,952
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 3
BBN Listing #: 944322
Broker Reference #: 2201700540

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Business Overview:

SBA Pre-qualified. This is 39 years-old leading importer and wholesaler of quality Men’s and Boys’ footwear, with three well-established brands (one of them trademarked) and a showroom/warehouse conveniently located in the heart of Miami. The portfolio ranges from casual to dress, and from all-genuine leather upper to leather-lined only. Importing from solid sources in China and selling to a large customer base of more than 600 retailers in the US and the Caribbean. There are two employees in place and the owner is semi-absentee. The asking price includes a live and viable inventory of $490,000. The seller is willing to facilitate a smooth transition and even stay as an agent or consultant for some time. This is a great opportunity as an add-on or a turn-key operation for anyone looking to enter this space. This business will certainly qualify for a visa. Please refer to listing number 2201700540, business broker Fernando Mello 305-405-8145 when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $5,632.22 Square Footage: 7,200 Building Type: Warehouse Terms & Options: Negotiable Expiration Date: 8/31/2024.

Market Competition and Expansion:

Non Compete : Miles: 100 Years: 5

Reason for Selling:

Retirement

Additional Details:

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

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