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Ideal for Semi-Absentee Ownership: Footwear & Apparel Retail Business
Retail Businesses for Sale
- Primary Industry: Clothing & Accessory Stores
This specialty footwear and apparel retail business with multiple store fronts located in a rapidly growing metropolitan area 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.
Financial Information
- $865,000 Asking Price
- $301,085 Cash Flow
- $1,278,795 Gross Revenue
- $865,000 Down Payment
Business Location
- City: SWFL
- State: Florida
Reason for Sale
- Retirement
Detailed information
- Year Established: 2005
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: 8
- Contractors: N/A
- Owner Worked Hours/w: 30
- Adjusted EBITDA: N/A
- Inventory Included: Yes
- Inventory Value: $200,000
- Monthly Rent: $4,985
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 2945
- FF&E Included?: Yes
- FF&E Value: $100,000
Training/Support
- The seller is willing to give 30 days transition training and is open to discussing options of staying onboard post-closing to ensure the success of the transition.
Facilities
- Storefronts
Market Outlook/Competition
- The current marketing process is mainly supported by the large following they built including repeat customers, customer referrals, doctor referrals, and physical therapist referrals. In addition, they also use TV commercials. This business is located in one of the fastest growing metropolitan areas in the US. This market is not predicted to slow down, and they have storefronts positioned in prime locations ready to support potential customers’ needs.
Business Listed by
Jason Brooks
Sunbelt of NaplesNAPFL001-53282
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