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17693 - Reputable Footwear Retailer With Medical Referrals For Sale

Southern Arizona, Arizona, US
Asking Price:
$495,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$779,455 (USD)
Cash Flow:
$145,484 (USD)

From southern Arizona, this “shoe store” is a retailer of custom arch supports, over-the-counter (OTC) arch supports and high-quality footwear. With Strong Relationships with Orthotic specialists and plenty of Podiatrist and Chiropractor referrals, the primary product lines include men and women’s shoes from reputable major manufacturers such as Brooks, New Balance, Taos, Dunham and more. There are important aspects of this company to set them apart from the competition, inquire for more details. The company operates from a well-located, retail-based location, totaling 1,500 square feet. This location provides plenty of visibility for foot traffic from local residents, tourists, and customers shopping for shoes and arch supports. The owner of the company currently provides sales support, inventory management, and general oversight. Current ownership is available up to one year to secure relationships, train and if desired, help the new ownership hire more employees to grow the company. The customer base consists primarily of regional residents seeking a personalized shoe fittings and selection. The sales channels that customers use to purchase are retail in-store purchases, through health referrals, internet, print ads, networking referrals, and through word-of-mouth. With its range of high-end products, the company’s marketing efforts focus on targeting repeat business along with new business utilizing direct ad sales, in-person sales, and email marketing. In 2019 the company’s total revenue was $779,455 with Seller’s Discretionary Earnings of $145,484. Minimal impact from the pandemic and the company continues to have stable revenue growth and profits year after year.

Property Information

Real Estate:

Lease

Size in square feet:
1,500+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Monday to Friday 10AM - 6PM; Saturdays open 10AM - 5PM.

Employees:
4 nonunion.
Years established:
2007

Other Information

Support & training:

Standard 12 month Owner Transition period.

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

Financing can be negotiable for the appropriate buyer.

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$175,000 (USD) - included in the asking price

Contact IAG

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