Profitable Independent Fashion Footwear Designer

Business Overview:

Rare opportunity to acquire a highly profitable, independent designer, manufacturer, and retailer of women’s high-fashion footwear. For more than two decades, the founder/owner of these two retail locations has designed his own styles, created his own brands and manufactured the product in Italy. Shoe styles range from high, medium, and low heels to flats, boots, sneakers, and sandals. Accessories include beautiful handbags, evening bags and totes. Focused on his concept of high fashion and comfort at reasonable prices, revenue comes from brick-and-mortar retail, online & catalog sales, and wholesale, with sales per square foot as high as $250. Growth opportunities include improved marketing, ecommerce development and new locations. Owner is open to continuing as a consultant.

2022 was one of the best years ever for this business with sales topping $3,5 million and SDE just under $1.2 million. It continues to trend well in 2023.

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Property Features and Assets:

Monthly Rent: $41,169.91 Square Units (Foot, Meter): 1,600 Lease Expiration Date: March 30, 2027, 9:00:00 PM Facilities:Retail space in two mixed-use residential/commercial buildings plus separate storage. Stores are 2,000 and 600 square feet. There also is separate, off-site warehouse space.

Reason for Selling:

Other business interests.

Additional Details:

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