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Listed by:

Armen Nazarian Business Brokers

Shoe Repair For Sale

Oakland County, Michigan, US
Asking Price:
$150,000
Sales Revenue:
$195,371
Cash Flow:
$132,704

This is a great opportunity to own a long-established Shoe Repair Business in Oakland County. Established in 1986, this 1,700 sq. ft. store is located on a busy road surrounded by plenty of residential and commercial properties. Repairs offered include Shoe Soles, Heels, Luggage Bags, Handbags, Zippers, Equestrian, and Sports Equipment. Other Services provided include Leather work, Orthopedic work, High End Shoe and Purse Cleanings, Patch Sewing, Rip/Tear Repairs and so much more. Current owner does not advertise…a new owner/operator with some creative marketing/advertising along with networking with local medical professionals, opening on Sundays, expanding business hours, having an online retail presence, adding more inventory and opening additional locations, you have HUGE potential to the already solid cash flow! A must see/must have business that will not last long! Turn-key operation! Call Armen Nazarian Business Brokers

Property Information

Real Estate:

Lease

Premises Details:

Repairs offered include Shoe Soles, Heels, Luggage Bags, Handbags, Zippers, Equestrian, and Sports Equipment. Other Services provided include Leather work, Orthopedic work, High End Shoe and Purse Cleanings, Patch Sewing, Rip/Tear Repairs and so much more.

Size in square feet:
1,200

Business Operation

Expansion Potential:

Current owner does not advertise…a new owner/operator with some creative marketing/advertising along with networking with local medical professionals, opening on Sundays, expanding business hours, having an online retail presence, adding more inventory and opening additional locations, you have HUGE potential to the already solid cash flow!

Reasons for selling:

Retirement

Employees:
2
Years established:
40

Other Information

Support & training:

seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$150,000 with $70,000 down. 8% int., amortized over 36 months

Inventory / Stock value:
$25,000