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Red Wing Shoe Store For Sale
Location: United States -> Virginia -> Chesapeake
Industry: Retail > Clothing and Footwear Retail




Business Summary

Red Wing Shoe Store for sale, 681-A North Battlefield Blvd, Chesapeake,VA for sale. Established dealership business (no franchise fees) has been open for almost 11 years and the parent company Red Wing Shoe Company in Red Wing, MN has been around for over 100 years. We have ten years worth of established customer relationships in our database plus a broad base of industrial major account business. 2007 & 2008 our store did over $420,000. In 2009 we were down almost 20% due to lack of inventory. Family priorities, a career change as well as lack of money to help us maintain a proper inventory have us relocating 500 miles away. Our store currently runs itself with a manager and a part timer and bookkeeping is done by the wife. Store is located in highly visible and well traveled area. $165,000 includes existing inventory ($10,000+), all fixtures, furniture,established business database. More inventory will be needed to bring up to acceptable inventory level of $75,000- $100,000. Existing lease in place until 10/31/2011. If seriously interested please contact us and we can talk more about specifics.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $420,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1999
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Training and suuport available.
Reason For Selling:  Moving.

Photos

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Red Wing Shoe Store For Sale Photo 1




Print Listing Id: 700120536
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Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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