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Shoe Repair Shop

Oakland County, MI, USA
Updated 1 day ago
Established 1986

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!

Rent

$1,700 Gross

Down Payment

$70,000

Lease Period

New Lease Required

Reference Code

0813

Inventory Value

$25,000

Monthly Payment

$2,506.91

Date Established

1986

License Required

Sales

Hours Of Operation

Mon-Fri 9am-6pm / Sat 9am-4pm

Employees Full Time

1 Owner

Employees Part Time

1

Interest Rate / Amortization

8% int., amortized over 36 months

Reason for Selling

Retirement

Financials

Asking Price
$150K
RevenueMost Recent Year
$195K
Earnings (SDE)Last Reported
$133K
Assets Value
Undisclosed
Seller Financing
Not available

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