Shoe Store & Repair
Oakland County, MI
| Asking Price: | $389,999 |
| Inventory: | $449,999 |
| FF&E: | $100,000 |
| Gross Revenue: | $511,112 |
| Rent: | $7,498.9/Month |
| Established Year: | 1972 |
Listing ID: 2270433Listing provided by BizBuySell
BUSINESS DESCRIPTION
Family Owned & Operated
This shoe store has been family-owned and operated since 1972. It has been in its current location since October 2010, and the owner is retiring due to health issues. They sell a variety of men's shoes and accessories. Their services include shoe repair, restoration, sole repairs, and replacements. They are an authorized Mezlan shoe repair with over 15 years of experience.
The 2,360-square-foot building is located at one of the busiest intersections in Michigan. The lease is $7,498 Triple Net, and a new owner can grow the business by extending the hours and marketing to the community.
Mon-Fri: 9am-6pm
Sat: 9am-5pm
Sun: Closed
DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,360
Lease Expiration
28/02/2026
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 2,360-square-foot business is located in a strip mall on one of the busiest intersections in Michigan.
Competition
There is no immediate competition in the area.
Growth & Expansion
Increasing store hours and marketing on social media and in the community can help grow the business.
Financing
Cash or Bank Financing
Support & Training
The seller is willing to train a new owner.
Reason for Selling
Retirement
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