Retail and eCommerce Footwear Business - Growing 13-19% YOY

Boston, MA (Suffolk County)

Seller Financing Available
Retail and eCommerce Footwear Business - Growing 13-19% YOY

Asking Price:$4,500,000

Cash Flow:N/A

Gross Revenue:$4,258,011





*not included in asking price.

Retail and eCommerce Footwear Business - Growing 13-19% YOY

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Business Description

For sale is a footwear retailer that sells footwear through the Internet and a retail store location in the Boston, Massachusetts area. The Business has 20 years of history offline and 5 years of history online. 2016 sales are up 13.8% in the retail store and 19.4% online compared to 2015. Approximately 67% of sales are from online and 33% from the retail store.

The Internet sales have been made almost exclusively through Amazon over the past year but the Company just released a fully remodeled website built on Shopify. The Company maintains a large inventory of various casual and lifestyle brands with approximately $400,000 of wholesale inventory on hand at any given time.

NOTE ON FINANCIALS - financials shown are for 2015 calendar year.

Highlights & Key Assets:

o 20 years in same location with a loyal following
o Longterm lease for retail store (transfer to new owner subject to landlord consent & approval)
o Very high foot traffic area for retail location selling middle to upper tier brands
o Multiple large new developments across from location with explosive growth (see Q&A)
o Vendor account base with all key footwear brands
(this is impossible for purely internet sellers to get, available only to established retail sellers)
o Highly developed and mature third party web business (Amazon & eBay)
o Newly remodeled website and online store
o Same owner owned and operated for 20 years
o Fully trained and knowledgeable staff that will stay in place
o Customer database
o Product lines in place with next seasons inventory purchased completed and clean inventory
o All physical equipment will be included (computers, POS system and software, office furniture and store fixtures)
o True "turn key" business - owner works the business on a part-time basis and only goes to the store 1 day/week. Everything is in place for a new owner to walk in and do great business.

Detailed Information

Not included in asking price
Growth & Expansion:
o Tremendous opportunity to grow better grade (name brand) store business with the influx of 620 new high price condos being sold across the street (and elsewhere in Boston). Project a minimum of 10-15% growth per year for (at least) the next 5 years. See details in Q&A. o Store website just got a new look and fresh product so revenue from there is all new business. o Amazon and eBay still have room for growth with international sales still untapped. o Social media has not been utilized well as of yet. o Expand third party business to other channels. (SEE PROSPECTUS FOR FULL DETAILS)
Support & Training:
Seller is open to discussion and will provide transition, training and support as needed. The team will remain in place for a new owner as desired.
Reason for Selling:
Owner is retiring
Business Website:

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Eric Owens

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Eric Owens

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