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Shoe Store-Great Buy

Durham, North Carolina (Durham County)

Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

$Seller Financing Available

Asking Price $130,000 Inventory $40,000* 
Gross Income $270,000 Real Estate  
Cash Flow $80,000 Year Established 2008
FF&E $5,000* Employees 2

* included in the asking price

** not included in the asking price

Located in a busy shopping mall, this shoe store began turning a nice profit from practically the day it first opened its doors. The inventory of various hot brands, including a vast array of Converse and Ecko Unlimited styles available from only select vendors, separates this store from others.

Facilities: The store occupies 1348 square feet in an active shopping mall. It consists of a small showroom, easily manned by a single person, with a large storage area for inventory in the rear.

Competition: The store separates itself from the run of the mill shoe store by carrying Converse and Ecko Unlimited styles not found nearby. In addition to the shoe sales, some novelties including tee shirts are kept on hand.

Growth/Expansion: Since first opening in July of 2008, this store has not only survived the worst economy since the Great Depression, but shown a healthy profit. This has been the case despite practically ignoring marketing. With some effort in the marketing arena, proceeds could jump to another level.

Seller Financing Available: Yes

Financing: Some seller financing might be a possibility.

Support/Training: The seller will provide on-site training.

Reason Selling: Moving.

Business For Sale By

Steve Fromme

Empire Business Brokers Inc.

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