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:
20 years in same location with a loyal following
Longterm lease for retail store (transfer to new owner subject to landlord consent & approval)
Very high foot traffic area for retail location selling middle to upper tier brands
Multiple large new developments across from location with explosive growth (see Q&A)
Vendor account base with all key footwear brands
(this is impossible for purely internet sellers to get, available only to established retail sellers)
Highly developed and mature third party web business (Amazon & eBay)
Newly remodeled website and online store
Same owner owned and operated for 20 years
Fully trained and knowledgeable staff that will stay in place
Product lines in place with next seasons inventory purchased completed and clean inventory
All physical equipment will be included (computers, POS system and software, office furniture and store fixtures)
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.
Asking Price $4,500,000
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