Seller's Contact Information
- RE: Shoe Store & Repair
- Contact: Armen Nazarian
Quick Facts
Asking Price: | $599,500 | |
Annual Revenue: | $672,781 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $289,027 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1972 | |
Employees: | 7 | |
BBN Listing #: | 779752001 | |
Broker Reference #: | 0448 |
Business Overview:
This is a great opportunity to own a long-established, extremely profitable Shoe Store in Oakland County. Established in 1972, this 2,340 square feet store is located on a one of the busiest, highly traveled roads with plenty of residential and commercial properties in the surrounding areas. This Shoe Store is well known for their higher end quality shoe selection and service. Specializing in dress shoes, ties, scarfs, belts, accessories and so much more. A new owner/operator with creative advertising/marketing along with opening on Sundays, expanding business hours, having an online retail presence, adding more clothing accessories and opening additional locations, you have HUGE potential to the already solid high cash flow! A must see/must have business that will not last long! Turn-key operation! Seller will train and entertain all reasonable offers! Health forces sale! Contact Armen Nazarian thru reply to this ad button.
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Property Features and Assets:
This is a great opportunity to own a long-established, extremely profitable Shoe Store in Oakland County. Established in 1972, this 2,340 square feet store is located on a one of the busiest, highly traveled roads with plenty of residential and commercial properties in the surrounding areas.
Reason for Selling:
Health/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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