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Description

OFF-MARKET ‘Q1 2023

A Shoe-In – Manufacturers Contracts Key to Success

Central Orange County

Asking Price: $1,108,000

Cash Flow: $207,000

Gross Revenue: $4,382,405

EBITDA: N/A

FF&E: $50,000

Inventory: $500,000 (not included)

Established: 2008

Employees: 12

Business Description

Long-standing contracts based upon long-standing relationships with leading, brand-named footwear manufacturers is the key to the long-term success of two thriving shoe stores. The contracts and the Seller’s insights into the marketplace and ability to bring in sought after products for a variety of consumers has led to solid sales and revenue for 20 years.

With manufacturer contacts getting harder and harder to get, and in many cases, impossible anyone simply trying to open their own retail show store will not have access to the top names in quality footwear in the country, and would be relegated to imports and knock-offs.

The first store sees more families and savvy brand seekers looking for great, affordable casual shoes and boots. The store is bright, uncluttered and employees provide top-notch service.

The second store, near a busy theme park, caters to overseas tourists who make multiple purchases at once as some brands might be double or triple the cost in their home countries. NDA {SUBMIT BELOW!!} is required to secure comprehensive Confidential Information Memorandum (CIM)

Detailed Information

Facilities:

2 Stores. One is in a smaller strip mall with a highly visible frontage near a freeway exit. The other is in a larger, anchored strip mall at a busy intersection close to tourist attractions. Rent is $13,700 combined. Stores are bright, modern and staff is friendly and professional.

Competition:

Smaller chains are growing while larger chains are falling – triumph in an internet world is all about providing top-notch customer experience alongside great brands at great prices.

Growth & Expansion:

Possible through the addition of a website and additional marketing, and through the acquisition of new contracts with other top or USA-made brands.

Financing:

N/A

Support & Training:

Four weeks at 25 hours a week.

Reason for Selling:

Seller is looking for a new challenge in another industry.

Contact info

Pronova Partners

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