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Children\'s Shoe Store

Union County, New Jersey

Asking Price: Gross: Cash Flow:
$75,000 $896,000 $87,326

Furniture and Fixtures Value:
$50,000 (included in the asking price)

Inventory Value:
$0 ( not included in the asking price)

Business Summary:
PRICE DRASTICALLY REDUCED. OWNER WILL SELL OFF ALL INVENTORY OR OFFER EXISTING INVENORY AT REDUCED PRICES. OWNER CAN BE OUT BY JAN 31ST. OWNER IS VERY MOTIVATED AND WILL CONSIDER ALL OFFERS. GREAT OPPORTUNITY TO BUY A SUCCESSFUL BUSINESS AT A BARGAIN PRICE. Very successful Children’s Shoe Store located in downtown location on a very busy main street. Owner/operator has had steady growth in the store’s 16 year history. A turnkey operation known as the place to shop for branded children’s shoes, with many brands on limited distribution, not available to all competitors in the market. Brands include Nike, Jordan, Timberland, Adidas, Converse, K-Swiss, Puma, Reebok, Kenneth Cole and others. Has a loyal fashion urban following with families coming from surrounding areas. The store is very spacious with 20 foot ceilings and bench seating for 16 customers. Merchandise is beautifully presented on blonde wood slat walls with dramatic Brand identification. Merchandise is managed through Microsoft RMS providing the owner with up to date inventory information and management reports. There is a big opportunity to expand business to include women’s and men’s shoes in the existing space. The high ceiling makes it also possible to add apparel to the mix above the shoe presentation as an additional business opportunity. Stockroom has been expanded with the addition of a mezzanine which doubled the capacity. Owner is absentee, having started a new business in a non competing industry. Call Broker Paul Holveck at 908-851-9040 x277.

 
   
   
Year Business was Established: 1992
   
Number of Employees: 2FT, 3PT  
   
Facilities / Terms of Lease: All equipment and fixtures in good condition. Recent mezzanine built 3 years ago.  
   
Potential Growth/Expansion: Expand into women’s and men’s shoes.  
   
Competition: Limited distribution of brands protects business from competitors.  
   
Owner willing to finance: None  
   
Owner willing to train: 2 weeks to assist in the transition.  
   
Reason for selling: Start up a new business in another industry.  
 

 

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