Trendy Italian Shoe Store in Prime SoHo Location

New York, NY
New York County


Asking Price: Annual Revenue:
$190,000 $350,000

Retail: Clothing & Accessories


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RE: Trendy Italian Shoe Store in Prime SoHo Location Broker: Eric Straus
Owner Financing is Available!
$76000.00

Quick Facts

Asking Price: $190,000
Annual Revenue: $350,000
Net Profit: Not Disclosed
Cash Flow: $98,980
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 2
BBN Listing #: 203135879
Broker Reference #: 6842-44062

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Business Overview:

High-end, quality purveyor of men’s and women’s Italian footwear located in the prime part of trendy SoHo. Every product sold in the store has been handcrafted in Italy and shipped to the US. This boutique has some of the highest quality leather and workmanship in NYC. Established business with great product and service reviews online from customers.

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Market Competition and Expansion:

- Potential to increase revenue from addition of new high-margin products, such as handbags and jewelry. - Below market rate lease (estimated ~$4k under market). Cost savings from lease vs current market rate over remainder of the term amounts to approximately $240,000. - Opportunity for growth from launching e-commerce website to increase business through online sales.

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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