MergerPlace

Long-Established Family-Owned Adult Shoe

Buffalo, New York (Erie)


  • Asking Price: $119,900
  • Gross Income: $268,800
  • Cash Flow: $59,000
  • Real Estate: Not Disclosed
  • Inventory: $62,000
  • FF&E: $20,000
  • Listing ID: #211225
  • Established: 1943
  • Employees: 1 FT / 2 PT

Business Description

~A turnkey adult shoe store that has earned the trust of the community for 75 years, providing expert knowledge for hard-to-fit shoes
~Very large and loyal customer base
~Highly experienced and trained staff
~Great location with high traffic and with plenty of parking
~Located in the middle of a large plaza, with 39 other retail stores! Plaza has a total of 91 businesses.


Business Details

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

Company Information

Year Established: 1943
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT / 2 PT

Financial Information

Asking Price: $119,900
Gross Revenue: $268,800
Cash Flow: $59,000
FF&E: $20,000
Inventory: $62,000
Seller Financing Available: No

Property Information

Facilities:

2,000 sq. ft. store located in a large, fully rented shopping center. Plenty of parking. 5 years lease starting 6-1-15 to 5-31-20. Current year rent is $16,321.

Competition:

Great name recognition for being in the WNY Adult Shoe business for over 75 years!

Reason for selling:

The seller is ready to retire.

Support & Training:

The seller offers to provide a minimum of 2 weeks of training to assure a smooth transition.

Contact Business Seller

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Business Listed By:

Max Reardon

Klassen Ingalls