Specialty Retail Shoe Store- $158k Cash Flow- S...

St. Paul-Minneapolis-Twin Cities, MN


Asking Price: Annual Revenue:
$350,000 $544,226

Miscellaneous: Non-classifiable


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RE: Specialty Retail Shoe Store- $158k Cash Flow- S... Broker: Sunbelt Business
Owner Financing is Available!

Quick Facts

Asking Price: $350,000
Annual Revenue: $544,226
Net Profit: Not Disclosed
Cash Flow: $157,977
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 2
BBN Listing #: 929764254
Broker Reference #: MINNEMN003-46883

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Business Overview:

Well-established specialty retail/medical shoe company founded in 2001 by its current owner. This retailer specializes in medicinal and non-medicinal supplies for patients with chronic and everyday foot conditions stemming from plantar fasciitis to bunions and hammer toes. This already profitable medical/orthotic shoe store has established connections with local physicians and other local professionals and has a VA schedule on the GSA Library with great potential. Located in a highly visible area of northern Minnesota, this retailer ensures quality customer satisfaction which directly correlates to its loyal customer base. The reason for selling is retirement. However, if needed, the seller is willing to assist in specialty work for the new buyer on a part time basis. Currently, besides the owner, there is one part-time employee and one full-time employee who help the seller run the business on a daily basis. Seller financing is available to a qualified buyer with a down payment of $125,000. Terms are 6% interest for 120 months with a balloon payment at 60 months. Payments are $2,497.96 per month.

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Additional Details:

  • The property is owned.
  • The owner is not 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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