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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!

Their highly visible storefronts in prime, bustling locations, capitalize on the thriving environment and steady stream of foot traffic, ensuring maximum exposure. Despite facing challenges like the 2020 pandemic and a 2022 hurricane that led to temporary closures, the business has demonstrated remarkable resilience and continued increasing revenues. The business is well-known for offering premium brands of footwear, apparel, insoles, and more. Serving a diverse customer base, they excel in improving everyday living. This purchase includes a full inventory of non-obsolete stock, presenting a compelling opportunity for the new owner. Further growth possibilities are limitless through an expansion of the existing marketing and referral networks.


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 :  [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)