Retail Shoes plus 3 story building
Hudson County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $1,950,000 |
$215,726 |
$31,876 |
Furniture and Fixtures Value:
$58,700 (included in the asking price)
Inventory Value:
$340,000 (included in the asking price)
Business Summary:
Thriving shoe store plus apartment building where it is located. Family operated store for 103 years. Very successful as followers of store and their descendent have been stopping by for over 100 years. Shoe store sells major brand name shoes at discount prices. Located at busy intersection sold as package along with store inventory. Building 3 stories is fully rented with an adjoining store rental with 4 apartments in each of the above floors, every one in the city where it is located is familiar with place. Business is being sold with commercial building where it is located. All rentals are occupied first floor has 2 rental stores one of which is the shoe store 2nd and 3rd floor have 4 apartments each – rental incomes and positive cash flow figures available with fact sheet – buyer has to register to obtain information ALL FIGURES ARE FROM INCOME TAX RETURNS. Existing building is also perfect for developer of improvement – retail spaces first floor with conversion to new apartments above. Building and zoning codes will allow for a 4 story structure at this site one floor higher than present building.
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| Year
Business was Established: 1905 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
Corner store over 2,500 sq. ft, street metered parking (5 spots in lot for owner) 1 other store rental plus 8 APT rentals in 3 story building. |
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| Potential
Growth/Expansion:
The name is well known and to go into mail order, catalog or online sales would be an easy process. |
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| Competition:
Since this specific business has been around for years grand children of the original family member and their children are frequenters of this establishment. |
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| Owner
willing to finance:
Owner would prefer all cash offer. |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner is retiring |
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| REQUEST MORE INFO |
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