$20K Price Shoe Repair Shop, Great Location!!

Bellevue, WA
King County

Shoe repair shop, same owner 30 years established.


Asking Price: Annual Revenue:
$20,000 $180,000

Services: Non-classifiable


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RE: $20K Price Shoe Repair Shop, Great Location!! Broker: David Smith
Owner Financing is Available!
75% down case by case basis

Quick Facts

Asking Price: $20,000
Annual Revenue: $180,000
Net Profit: $36,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $6,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 2
BBN Listing #: 578351531
Broker Reference #: Fashorep

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Business Overview:

Shoe repair shop, same owner 30 years established. Great eastside location, fully equipped and turnkey. Located in a mall so has lots of solid anchor businesses that surround this little gem. Has a captive customer base with no shoe repair competition in the mall or anywhere close by. This mall stays busy seven days a week, so there is a constant flow of lots and lots of foot traffic by your front door every day and everybody is looking for a good bargain. This is one of the few businesses that customers actually think of it as a business to save money. “Yes, if I get the old shoes fixed it will be much cheaper than buying new ones, and the old ones are still in pretty good shape. I can save a few dollars.” Most businesses are not perceived in this way.

This is a one to two-person operation so it is really streamlined so low labor costs and little to no employee headaches. Seller is willing to train the new owner in depth on all the equipment and on the shoe repair business. If you like working with your hands this could be a great business to own. Located in the mall so parking is never going to be a problem, close to the mall entrance so it’s even very convenient and easy in and out access for your customers. The nature of the shoe repair business is a good and steady business and will likely stay that way for many years to come. This is also a recession-proof business as people will likely always want to save a few dollars on repairing their favorite shoes.

Long loyal customer base as with any business that has been around for 30 years. More shine to your shoe is this business collects $1,150 monthly on subleasing a small space to the business next door. It’s a win for the subleaser next door and it’s $1,150 monthly win for you. This sublease can continue or the new owner of this shoe repair can take over the space next door. This would increase their retail space (shoe repair square footage is 692 and the shop next door is 220 square feet, for a total of 912 square feet). So if the new owner wanted to increase his retail sales here is an idea. Another idea is to add a website to this shoe repair business which would give the new owner a platform in which to sell shoe accessories without having to stock the items in the storefront This is a simple business to own and operate, if the shoe fits, well give us a call.

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Property Features and Assets:

Monthly lease is $4,700 per month but the landlord is open to reducing perhaps greatly reducing this monthly lease amount for the new owner as the landlord does want to keep this business in the mall. Current lease expires in 2020 but landlord willing to give long term lease to the new owner. This business collects $1,150 monthly on subleasing a small space to the business next door. It’s a win for the subleaser next door and it’s $1,150 monthly win for you. This sublease can continue or the new owner of this shoe repair can take over the space next door. This would increase their retail space (shoe repair square footage is 692 and the shop next door is 220 square feet, for a total of 912 square feet). This business is located in a mall so no problem parking and extreme customer flow walking by your front door is the normal.

Market Competition and Expansion:

Currently, no marketing or advertising has been done, not even a website. A website would give more exposure and the ability to sell shoe accessories even. No follow-ups are being done on the customer base. So there is definitely more expansion/money that can be made. There is no other shoe repair shop competition in the mall or anywhere close by.

Reason for Selling:

Seller wants 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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