High-Profit Specialty Footwear Retailer; Real Property Available

Albuquerque, NM (Bernalillo County)

http://happyfeet-usa.net/

Asking Price:$225,000

Cash Flow:$119,100

Gross Revenue:$333,657

EBITDA:N/A

FF&E:$25,000

Inventory:$30,000

Real Estate:$425,000*

Established:1964

*not included in asking price.

High-Profit Specialty Footwear Retailer; Real Property Available

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Business Description

Excellent Brand Recognition, Broad Appeal, Great Location

Specializing in orthopedic footwear, Happy Feet has solidified the fashion of sensible footwear into strong cash flow, attractive profit margins, a loyal customer base, and a strong growth trajectory.

Happy Feet is a proven business model made even more profitable by immunity from internet competition and a high-visibility location on Menaul Boulevard. The inclusion of this $438,000-valued real property introduces attractive financing scenarios.

Happy Feet has been Albuquerque’s source for comfortable, fashionable and performance shoes for 52 years. The business offers a broad selection of medical, high-impact, and sensible fashion footwear, inserts and related accessories. Shoes are customized and modified on-site.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,827
Employees:
3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Real property is priced at $425,000. A recent Broker's Price Opinion puts the value at $438,000. This is a 0.22-acre lot with subprime, standalone C2-zoned commercial building with desirable location on Menaul Boulevard. The property is in excellent condition. In 2016, the roof was replaced and the parking lot re-sealed and partially refurbished. The 2,827 SF of retail space offers a showroom, a Pedorthist exam room, spacious owner's suite, storage and ventilated workshop. The property has 25 dedicated parking spots, easy ingress/egress onto Menaul, and monument signage with changeable marquee.
Competition:
Happy Feet’s high-visibility location and longevity in the community has secured it brand recognition, a loyal customer base, and referrals from the medical community. When other specialty shoe retailers advertise, this business benefits.
Growth & Expansion:
New owners will find an easy upside by simply expanding hours of operation. As Orthopedic shoes have gone mainstream, now is the right time to get into this business.
Support & Training:
Specializing in orthopedic footwear, Happy Feet has solidified the fashion of sensible footwear into strong cash flow, attractive profit margins, and a loyal customer base. Happy Feet is a proven business model made even more profitable by immunity from internet competition and a high-visibility location on Menual Boulevard. The inclusion of real property introduces attractive financing scenarios. Happy Feet has been Albuquerque’s source for comfortable, fashionable and performance shoes for 52 years. The business offers a broad selection of medical, high-impact, and sensible fashion footwear, inserts and related accessories. Shoes are customized and modified on-site.
Reason for Selling:
Seller will retire.
Business Website:
http://happyfeet-usa.net/

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Michael Greene

Business Listed By:
Michael Greene

Sam Goldenberg & Associates

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