Retail - Apparel & Accessory Stores | Retail - Miscellaneous Retail

Asking Price	$440,000	Inventory	$250,000*
Gross Income	$951,519	Real Estate
Cash Flow	$151,118	Year Established	1982
FF&E	tbd*	Employees	4 ft

* included in the asking price

** not included in the asking price

There are not many 26 year independent retailers currently in existence who are thriving. This is a one of a kind shoe retailer featuring Birkenstock products but also carrying almost two dozen other brands of comfort footwear and clothing. Located in a shopping mall that caters to both locals and tourists, this store has developed a customer base that is very loyal due to their excellent products, product knowledge, and customer service. Operating out of a 3,000 square foot store with plenty of parking, this is a niche business that is ready to be taken to another level. From a Regional perspective, the Northern Nevada area comprised of Reno, Sparks, Carson City and Lake Tahoe is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. This high desert region nestled at the base of the Sierra Nevada mountain range is consistently ranked as one of the top places in America to live and do business because of its diversified economy, desirable climate, and quality of life. In quality of life studies, Men's Journal Magazine ranked Reno eighth among America's "50 Best Places To Live" and Cities Ranked and Rated Magazine named Reno ninth out of 331 cities among the best places to live. As a State, Nevada is also highly regarded. For example, Nevada was recently voted the best small business state in the country by the Washington-based Small Business Survival Committee. Secondly, The Small Business Survival Index 2007 ranked Nevada second best in the nation for small business and entrepreneurship. Thirdly, The

Facilities: Operating from a very nicely decorated 3,000 sq. ft. store, this business has ample parking and traffic due to being in a shopping center. Ideally located across from a major casino and the Reno Sparks Convention Center, the shopping center has two anchor tenants which all contribute to bringing in local and tourist shoppers.

Competition: This is a 26 year established independent retail operation in a niche market specializing in comfort footwear featuring Birkenstock products. Great customer service and product knowledge has built a loyal clientele for the buyer to build on. Located in a shopping mall with anchor tenants across from the Atlantis Hotel and Casino and the Reno/Sparks Convention Center, the store caters to both local and out-of-town customers as well.

Growth/Expansion: The seller feels that the business could be improved upon by focusing on the performance of the current location. Once that has been accomplished, expanding to satellite locations should produce positive results. Direct marketing to Orthopaedic doctors (ie: Podiatrists and Chiropractors), improving their web-site, more event marketing and bringing repairs in-house are other areas that the seller would recommend the buyer pursue.

Financing: $300,000 down and $1,943.74 per month for 96 months.

Support/Training: Two weeks or as required. The seller wants the new owner to be successful.

Reason Selling: Retirement