High Volume Shoe Store with Real Estate

Not Disclosed, MI
Wayne County


Asking Price: Annual Revenue:
$374,900 $951,283

Retail: Clothing & Accessories


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RE: High Volume Shoe Store with Real Estate Broker: Armen Nazarian

Quick Facts

Asking Price: $374,900
Annual Revenue: $951,283
Net Profit: Not Disclosed
Cash Flow: $295,683
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $425,000
Year Established: 1946
Employees: 5
BBN Listing #: 460252001
Broker Reference #: 0403

Email or Print Listing

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Business Overview:

This is a great opportunity to own a long-established, high profitable Family Shoe Store in Downtown Suburban Wayne County. Established in 1946, this 5,000 square feet store is located on a highly traveled intersection with plenty of residential and commercial properties in the surrounding areas. Known for their quality and service, higher end shoe selection, this business specializes in children’s shoes, comfort shoes, casual and dress shoes, hard to fit sizes including extended widths and sizes, and so much more. The store has a large local following and strong community support that extends all over lower Michigan serving their 4th generation of customers. Specializing in SAS and Stride Rite among other name brand shoes. Owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with opening on Sundays, expanding business hours, adding an online store, athletic clothing line, hosting events for medical professionals that recommend this store for their great shoe selection along with 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! Contact Armen Nazarian or use reply to this ad button.

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Property Features and Assets:

This is a great opportunity to own a long-established, high profitable Family Shoe Store in Downtown Suburban Wayne County. Established in 1946, this 5,000 square feet store is located on a highly traveled intersection with plenty of residential and commercial properties in the surrounding areas.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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