Seller's Contact Information
- RE: Specialty Retail Shoe Store- $158k Cash Flow- S...
- Contact: Sunbelt Business Advisors
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 #: | 933264538 | |
Broker Reference #: | MINNEMN003-46883 |
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.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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