Upscale Shoe & Jewelry Repair - W. Village/Chelsea

New York, NY
New York County


Asking Price: Annual Revenue:
$250,000 $300,000

Services: Non-classifiable


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RE: Upscale Shoe & Jewelry Repair - W. Village/Chelsea Broker: Bob Dunphy

Quick Facts

Asking Price: $250,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $160,000
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 2
BBN Listing #: 628835879
Broker Reference #: 6842-45094

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Business Overview:

There is nothing average about this shoe & jewelry repair shop in the West Village/Chelsea. It is elegantly decorated, extremely clean & organized and the staff is amazingly friendly. Very few businesses of any type get such consistently great reviews. Almost every Yelp! post is a perfect 5-Star score. And that’s even more remarkable when you consider that the repairs are done on Christian Louboutins, Fry Boots and other high end shoes worn by clients who are passionate about their footwear. The store is only five years old but has the reputation of a long-time neighborhood favorite. Avenue location in a residential area near a major shopping district.

In addition to shoe & jewelry repairs, they sell & shine shoes, replace watch batteries and sell a variety of other necessities.

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Property Features and Assets:

Opened two years ago in this location after relocating from another spot in the neighborhood.

Market Competition and Expansion:

This is not your average, cramped, run down shoe repair shop. It is beautifully built out, well organized and clean. Staff is very friendly and service is quick. Additional local marketing and adding another cobbler will help this business continue to grow.

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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