Business For Sale

38 Yr Established Shoe Repair Shop

Not Disclosed, TX
Dallas County

North Dallas

Asking Price: Annual Revenue:
$162,000 $161,455

Services: Medical, Dental

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RE: 38 Yr Established Shoe Repair Shop Broker: Moon Kim

Quick Facts

Asking Price: $162,000
Annual Revenue: $161,455
Net Profit: Not Disclosed
Cash Flow: $82,864
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 1
BBN Listing #: 156619188
Broker Reference #: 000439

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Business Overview:

Prime location boot & shoe repair store that has been established for nearly four decades is available for acquisition. This business was originally established nearly four decades ago in 1979 and was later acquired by the current owner of the business in 1989 that relocated the business to the current location in 1993. There are also no issues with competition since there aren’t any competitors within the immediate market area. Most of the customers are Caucasian individuals from the nearby nationwide retailers and the adjacent cities that house many office employees from the densely populated corporations. Net sales average was $160,000 - $165,000/year that has continuously grown without any proactive marketing since the original establishment of this business in 1979. Proactive marketing is crucial to the further growth of this business as there are many untapped areas full of potential customers. Overall overhead of the business is very low as an average cost of goods per repair is not more than 20-25% of total revenues and the rent is astonishingly low! The recent renovation in 2016 also has increased customer traffic to this business and has steadily increased sales. There are various methods of proactive marketing available such as direct mailing, internet ADs, corporate accounts, bundle deals, alteration service for boots, and additional retail products. This business also has a wide array of products and services that range from shoe repair, boot repair, bag repair, belt repair, purse repair, luggage repair, baseball glove repair, leather product repair, and sale of numerous retail products. This business has operated exceptionally over the last several decades and can generate more revenue through proactive marketing from a potential buyer.

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Property Features and Assets:

This business is within a 750 Square Feet retail strip center surrounded by various nationwide retailers and dense corporate areas. All equipment is in fantastic condition and in working order. / Inventory: $1,000 (Included in listed price).

Market Competition and Expansion:

Competition: There are no competitors within the immediate market area. Growth and Expansion: No marketing has been done since the establishment of this business and proactive marketing needs to be utilized to truly generate more revenue.

Reason for Selling:

Other Opportunities.

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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