Turn-key Specialty Shoe Franchise for Sale in Richmond

Henrico County, VA (Relocatable)

Turn-key Specialty Shoe Franchise for Sale in Richmond

Asking Price:$179,000

Cash Flow:$88,846

Gross Revenue:$392,155

EBITDA:N/A

FF&E:$42,577

Inventory:$43,482

Established:2004

Turn-key Specialty Shoe Franchise for Sale in Richmond

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Business Description

Huge Baby Boomer market!

This profitable, well-established specialty shoe franchise has served clients in the Richmond, VA area since 2004. The board-certified staff is able to assess customers' needs and design custom orthopedic solutions, often heading off more significant health problems. With very little reputable competition, this business has established a clientele of repeat customers and thrives on referrals. With the store open for only 33 hours per week, owner works part time, maintains excellent records, and will help to transition to new owner. Additionally, national franchise will provide thorough training, and even offers a fast-track certification program. This store has been so successful that the franchisor uses it as one of its training locations. This is a great opportunity to join a booming industry and run a profitable business on day one!

Detailed Information

Inventory:
Included in asking price
Employees:
4 FT/2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located on the main thoroughfare in a busy commercial district in Richmond, the 1600 sq. ft. facility is ideally suited to meet customer needs. This attractive shop is located in a busy strip mall, often attracting walk-in customers.
Competition:
With an aging population, this is a thriving and growing industry! Additionally, specialty shoe fitting needs to be done in person so online competition is virtually nonexistent. While there are other orthopedic shoe services in Richmond, none have the reputation and capabilities of this business. Industry Trends & Keys to Success: - Baby boomers expected to lead a more active retirement than any other generation before them, and they are the fastest growing market in the USA - Health and Wellness industry sales are in the billions and rising - Doctors are increasingly referring their patients with diabetes, obesity and heart disease for comfort and fitness shoes and orthotics. - The younger, active, athletic consumer is educated about orthotics and inserts for better balance, better performance and injury prevention. - 40% of the work force is on their feet 4+ hours a day and need proper footwear and support to perform their job effectively. - The Comfort Shoe Industry is rapidly growing due to the demand of these demographic groups! - NSRA studies show the Comfort Shoe Industry as the only footwear group showing growth each year.
Growth & Expansion:
This business could grow quickly with more aggressive advertising, marketing and online sales. Furthermore, a prospective buyer could expand to other locations if desired. There is a huge opportunity to develop strong relationships with the medical and health and wellness community, as well as diabetic educators, to enhance and establish their credibility and increase medical referrals.
Financing:
Lender pre-screened w/ $35,800 down.
Support & Training:
Will train for 2 weeks @ no cost. The franchisor will provide all training necessary to run this proven franchise. Additionally, a certified Podiatrist credential can be learned online within a few months.
Reason for Selling:
Owner is retiring.
Franchise:
This business is an established franchise

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Michael Metzger, CBI

Business Listed By:
Michael Metzger, CBI

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.


Sponsoring Broker:
Murphy Business

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