MergerPlace

Long-Established Family-Owned Children’s

Buffalo, New York (Erie)


  • Asking Price: $199,000
  • Gross Income: $517,000
  • Cash Flow: $129,000
  • Real Estate: Not Disclosed
  • Inventory: $145,000
  • FF&E: $29,900
  • Listing ID: #206044
  • Established: 1996
  • Employees: 1 FT / 7 PT

Business Description

A turnkey children’s shoe store that has earned the trust of the community over 22 years, providing expert knowledge for hard-to-fit children’s shoes. Highly experienced and trained staff. Very large and loyal customer base. Great high-traffic location with plenty of parking. Located in the middle of a large plaza that has a total of 91 businesses, 39 of which that are other retail stores!


Business Details

Primary Business Category: Retail Trade - Clothing
Location: New York
Metropolitan Area: Buffalo
County: Erie

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 7 PT

Financial Information

Asking Price: $199,000
Gross Revenue: $517,000
Cash Flow: $129,000
FF&E: $29,900
Inventory: $145,000
Seller Financing Available: No

Property Information

Facilities:

2,940 sq. ft. building. In large shopping center with many other retail stores and plenty of parking. Base Rent: 2018 - $27,095, 2019 - $27,637, 2020 - $28,190.

Growth & expansion opportunities:

Northtown store recommended due to demand from that area.

Competition:

There is no competition in this market segment for 60 miles due to the closure of the Boulevard Mall Bootery and all company-owned Stride-Rite stores.

Reason for selling:

Retirement

Support & Training:

The seller offers a minimum of 4 weeks of training to provide for a smooth transition.

Contact Business Seller

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Business Listed By:

Max Reardon

Klassen Ingalls