Shoe Repair

Oakland County, MI

Seller Financing Available

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Asking Price:$140,000
Gross Revenue:$164,311
Rent:$1,700/Month
Cash Flow:$105,207
Inventory:$25,000
Established Year:1986
BUSINESS DESCRIPTION

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! Call Armen Nazarian Business Brokers


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,200
Employees
1
Facilities
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.
Growth & Expansion
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!
Financing
$140,000 with $60,000 down. 8% int., amortized over 36 months
Support & Training
Seller will Train
Reason for Selling
Retire
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Armen Nazarian