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Shoe & Orthotics Store In New England
Location: United States -> Maine -> Kennebec County
Industry: Retail > Other Retail




Business Summary

*** Confidential Listing, not in indicated county***
This 4-year-old store has been experiencing explosive growth, averaging over 40% per
year! In 2021, sales increased 65% over 2020 sales.
The store is conveniently located just off a major interstate highway with lots of free
parking. Their product lines include both men's and women's athletic, casual, dress
and work shoes from 25 nationally known brands, but more importantly, they also sell
custom orthotics, custom shoe modifications, and many over the counter arch supports
that help or eliminate pain caused by plantar fasciitis, achilles tendonosis, and many
other foot problems. They currently use their onsite Pedorthic lab to do minor
adjustments and customizing of over-the-counter arch supports. Their lab is capable of
doing custom orthotics but they currently send their custom work to a central
fabrication lab elsewhere in the state.
In addition to regular footwear, this store offers specialized footwear and devices for
those suffering from all sorts of foot pain, including plantar fasciitis, metatarsalgia,
Achilles tendonitis, hallux valgus, plantar warts, hammer toe, bunions and more.
Because of this wide range of extra services, they are much more than just a shoe store.
They literally have no competition anywhere in their state. Customers drive to them
from hours away and many are referred to them by their physicians.
Being in New England, this store specializes in keeping their customer's feet
warm with custom insoles that have heating pads as well as boots that are rated to
-40F. Many of their winter boots and shoes are fitted with ingenious hide-away cleats
that fold back into the boot when not needed.
Other products include steel-toed work boots (with special widths up to 6E), which are
required by many area employers.
*** Confidential Listing, not in indicated county***


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,100,000
Cash Flow:   $220,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2018
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train the buyer in making orthotics and other devices.
Reason For Selling:  Retirement

Photos

View Larger Photo(s) Of Business
Shoe & Orthotics Store In New England Photo 1 Shoe & Orthotics Store In New England Photo 2 Shoe & Orthotics Store In New England Photo 3




Print Listing Id: 700371400
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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 > Maine Businesses For Sale > Maine Franchises For Sale > Maine Business Brokers



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