Active
Ideal for Semi-Absentee Ownership: Footwear & Apparel Retail Business
Category | : | Clothing | SIC | : | 5699 | |
Detail | : | Clothing Sportswear | Price | : | 865,000 | |
County | : | SWFL | Down | : | 865,000 | |
State/Prov | : | Florida | Disc Earn | : | 299,674 | |
Country | : | USA | Sales | : | 1,278,795 |
This specialty footwear and apparel retail business with multiple store fronts is located in a rapidly growing metropolitan area. It is a great opportunity for someone looking to be semi-absentee and/or owner operated. This business has a foothold (no pun intended) on the market in SWFL. More benefits going to this store than ANY major chains or other specialty footwear shops due their cutting-edge approach to personalized fittings, giving them the competitive edge amongst their competition! Continued growth YOY since inception and 2023 is already their best year ever! |
Documents on File | : | Equipment List: N Lease: Y Corp Resolution: Y |
: | Cash Flow: N Balance Sheet: N |
: | Standard Agreement: Y Signature on File: Y | |
Showing Remarks | : | CONTACT BROKER FOR ALL SHOWING |
Reason for Sale | : | Retirement |
General Location | : | Southwest Florida |
Organization Type | : | Corp 'Sub S' Hours Owner Works: 30 |
: | Years Established: 18 Years Owned: 18 Emp FT: 0 Emp PT: 7 Mgrs: 1 | |
Non Compete | : | Miles: 5 Years: 250 Weeks Training: 4 Cost: $0 |
Operating dys/hrs | : | M-F 10am-6pm, Sat 10am-5pm, Sun 12pm-5pm |
Skills/Licenses | : | Business License |
Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: N Should Qualify For Visa: Y |
Data Source | P/L Statement | Tax Return | ||
Year (Cash Flow) | 2023 (N) | 2022 (N) | (N) | |
Gross Revenue | 1,278,795 | 1,158,396 | 0 | |
Cost of Goods | 628,222 | 762,694 | 0 | |
Gross Profit | 650,573 | 395,702 | 0 | |
Expenses | 442,430 | 269,605 | 0 | |
Net | 208,143 | 126,097 | 0 | |
Owner Salary | 91,000 | 81,702 | 0 | |
Benefits | 31,665 | 43,882 | 0 | |
Interest Expense | 0 | 0 | 0 | |
Depreciation | 531 | 19,149 | 0 | |
Other | 0 | 0 | 0 | |
Discretionary Earnings | 331,339 | 270,830 | 0 |
Accounts Rec | 0 | N* | Real Estate | 0 | N* |
Inventory | 200,000 | Y* | ___________ | 0 | N* |
F F & E | 100,000 | Y* | Total Assets | 300,000 | Y* |
Leasehold | 0 | N* | |||
*Included? |
Lease/Month: 4945 | Square Footage: 2945 | Building Type: Retail |
Terms & Options: | Expiration Date: 7/28/2023 |
JASON BROOKS | Office | : | (855) 969-3534 | |
ASSOCIATE | Fax | : | ||
Home | : | |||
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 357-7073 |
2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
NAPLES, FLORIDA 34105 | : | [email protected] | ||
USA | Home Page | : | sunbeltofflorida.com |
Listed By: Jason Brooks
Background information
Reference:
53282
Reason selling:
Retire
Finance
Sales:
$1,278,795
Profits:
$301,085
Profit type:
Discretionary Earnings
Price and terms
Price:
$865,000
Down payment:
$865,000
Training:
30 Day transition (Seller willing to negotiate extended transition)