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Long Established Shoe Repair Shop At Low Price
Location: United States -> South Carolina
Industry: Retail > Clothing and Footwear Retail




Business Summary

This Shoe Repair Shop has been around for around 80 years, and has a fantastic reputation both in the local community and with customers who come from out of town to have the job done right! The shop is fully equipped with all the machinery, tools, and supplies necessary to do the work on day one. All fixtures, furnishings and equipment, as well as inventory of supplies is estimated at $75,000 in value. Current owner can show $38,000 in profit working short hours and limited number of days as he ages. Huge potential for growth by simply opening normal business hours and normal amount of work days, as well as expanding scope of services offered. Current owner has limited his offering of services because of age. This opportunity for the right buyer is one of a kind. The reputation is stellar, the price is low, the potential is extremely high, and the location is on a very large well traffic road in a highly populated and busy area. Building Owner is willing to lower monthly rent to $850 for new owner.
The owner's father immigrated to America in the late 1950's and continued his trade in New York. Hi son learned the trade and continued to work in New York. Eventually he moved with his family to South Carolina and bought this existing shop. The business moved to it's current location about 16 years ago and has been there ever since.
This business has been around for almost 80 years, and has been owned by the current owner since the early 1990's. It has been in the same location on a large main road for the last 16 years and has a fantastic community reputation. There are very few shops of this type in the county. This industry is needed and very unique, and will always be needed.
Currently, the Owner/Operator is turning away certain services because he is slowing down. Leather work on heavy duty items, such as Horse Saddles and Bridles, certain Zipper work, among other items. The current owner also does not advertise, and thus the opportunity for growth here is great


Financials

Asking Price Range:  < $250K
Gross Revenues:   $68,170
Cash Flow:   $37,198
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $75,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1945
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  retiring

Photos

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Long Established Shoe Repair Shop At Low Price Photo 1




Print Listing Id: 700372729
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Related Searches: Catalog and Mail Order Retail  >  Clothing and Footwear Retail  >  Computers and Electronic Equipment Retail  >  Convenience Stores Retail  >  Florist Retail  >  Health and Beauty Supplies Retail  >  Home and Garden Retail  >  Movie Rental  >  Wedding and Formal Rental  >  Other Retail  > 

Also See: Franchise Opportunities > Franchise Resales > South Carolina Businesses For Sale > South Carolina Franchises For Sale > South Carolina Business Brokers



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