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Shoe Shop and repair

  • Status: Available
  • Price: $85,000

Jared Prell

License No:
DRE #02015630
Email:
jared@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 4120
  • Status: Available
  • Area: Contra Costa
  • Price: $85,000

Description

This well-established shoe service and retail shop has been in operation for 35 years and resides in an affluent, upscale city in Contra Costa County. Situated in a large shopping center containing several anchor stores and nearly zero competition in the vicinity, this shop enjoys high foot traffic and excellent visibility from the main road. This shop sells an exclusive brand of Italian-made shoes and other fine leather products and has a direct relationship with the manufacturer in Italy. The shoe repair portion of the business has all the required machinery and tools in excellent working condition. The current owner is willing to provide an extended training period and is open to staying as a part-time employee if the new owner would like. The monthly rent is $3,500 and has two years left on the lease. There is currently one part-time employee trained in shoe and leather repair. This business was closed for nine months in 2019 and portions of 2020 and 2021. Income for 2022 has been steadily increasing as each month shows better profits than the last. It is the perfect time to buy this business at a low price as the shop is poised to see more significant gains as the year goes on. 

Business Information

Ownership Type: Sole Proprietorship
Year Established: 35 years ago
Year Purchased:
Business Type: Shoe shop and Repair
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4120
Date Available: 04/12/2022
Reason For Sale: Retiring

Financial Information

Annual Total:
55,000
Revenue:
Annual Net Income:
24,000
Inventory:
75,000
Monthly Payroll:

Lease Information

Base Rent:
3,500
Lease Expires:
2024
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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