Profitable Shoe Store Chain in Metro Detroit
- Listing Id: 0162
- Broker Name: Jeffrey Sak
- Category: Apparel Stores
- Asking Price: $995,000.00
- EBITDA: N/A
- Real Estate: N/A
- Cash Flow: $309,471.00
- Inventory: $100,000.00
- No. Of Full-Time Employees: 26
- No. Of Part-Time Employees: N/A
- Gross Income: $2,818,435.00
- FF&E: $50,000.00
- Year Built: 2005
- Address: Click Here
- Zip Code: Click Here
- City: Wayne County
- State: MI
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
This chain of shoe stores has a strong market presence with locations in several malls across metro Detroit. It has provided significant cash flow to its owner who is relocating due to family reasons. The stores carry an extensive selection of women’s dress shoes, handbags and accessories. The business has established a loyal customer base by consistently providing the latest in fashion trends for over 10 years. Each store has a full staff of dedicated and reliable employees who would stay on with a new owner. This is a perfect opportunity for someone in the local fashion/footwear industry who is looking to expand their presence in the market. The seller is willing to finance a portion of the purchase price conditional upon review of the buyer’s financial position. For more information, please contact Jeff Sak of Transworld Business Advisors of Metro Detroit at (248) 519-2305 or jsak@tworld.com.
Financial Summary
N/A
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