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Sunbelt of Naples and Fort Myers

Rare Specialty Footwear & Apparel Store For Sale

Swfl, Florida, US
Asking Price:
$865,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,278,795
Cash Flow:
$301,085

This specialty footwear and apparel retail business with multiple store fronts located in a rapidly growing metropolitan area is a great opportunity for someone looking to be semi-absentee and/or owner operated. This business has a foothold (no pun intended) on the market in SWFL. More benefits going to this store than ANY major chains or other specialty footwear shops due their cutting-edge approach to personalized fittings, giving them the competitive edge amongst their competition! Continued growth YOY since inception and 2023 is already their best year ever!

Their highly visible storefronts in prime, bustling locations, capitalize on the thriving environment and steady stream of foot traffic, ensuring maximum exposure. Despite facing challenges like the 2020 pandemic and a 2022 hurricane that led to temporary closures, the business has demonstrated remarkable resilience and continued increasing revenues. The business is well-known for offering premium brands of footwear, apparel, insoles, and more. Serving a diverse customer base, they excel in improving everyday living. This purchase includes a full inventory of non-obsolete stock, presenting a compelling opportunity for the new owner. Further growth possibilities are limitless through an expansion of the existing marketing and referral networks.
Facilities:
Storefronts
Real Estate Available: No
Real Estate Included: No

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $4,985.00
Owner worked hours per week: 30
Is Going Concern: Yes
Market Competition: The current marketing process is mainly supported by the large following they built including repeat customers, customer referrals, doctor referrals, and physical therapist referrals. In addition, they also use TV commercials. This business is located in one of the fastest growing metropolitan areas in the US. This market is not predicted to slow down, and they have storefronts positioned in prime locations ready to support potential customers’ needs.

Property Information

Size in square feet:
2,945

Business Operation

Reasons for selling:

Retirement

Employees:
Part Time: 8
Years established:
19

Other Information

Support & training:

The seller is willing to give 30 days transition training and is open to discussing options of staying onboard post-closing to ensure the success of the transition.

Financing available:

Downpayment Required: $865,000.00

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$200,000 - included in the asking price