Listing ID: 77608

Business Overview

Confidential Information Memorandum (CIM) available upon receipt of our short online NDA – visit here: https://www.pronovapartners.com/engagement/2-orange-county-ca-shoe-stores-for-sale/

Long-standing contracts based upon long-standing relationships with leading, brand-named footwear manufactures is the key to the long-term success of two thriving shoe stores. The contracts and the Seller’s insights into the marketplace and ability to bring in sought after products for a variety of consumers has led to solid sales and revenue for 20 years.

With manufacturer contacts getting harder and harder to get, and in many cases, impossible, anyone simply trying to open their own retail show store will not have access to the top names in quality footwear in the country, and would be relegated to imports and knock-offs.

The first store sees more families and savvy brand seekers looking for great, affordable casual shoes and boots. The store is bright, uncluttered and employees provide top-notch service. The second store, near a busy theme park, caters to overseas tourists who make multiple purchases at once as some brands might be double or triple the cost in their home countries.

NDA is required ‘LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
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Financial

  • Asking Price: $1,108,000
  • Cash Flow: $207,000
  • Gross Revenue: $4,382,405
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $500,000
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2 Stores. One is in a smaller strip mall with a highly visible frontage near a freeway exit. The other is in a larger, anchored strip mall at a busy intersection close to tourist attractions. Rent is $13,700 combined. Stores are bright, modern and staff is friendly and professional.

Is Support & Training Included:

Four weeks at 25 hours a week.

Purpose For Selling:

Seller’s looking for a new challenge in another industry.

Pros and Cons:

Smaller chains are growing while larger chains are falling – triumph in an internet world is all about providing top-notch customer experience alongside great brands at great prices.

Opportunities and Growth:

Possible through the addition of a website and additional marketing, and through the acquisition of new contracts with other top or USA-made brands.

Additional Info

The business was started in 2008, making the business 14 years old.
The transaction shall not include inventory valued at $500,000*, which ins't included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell operating businesses. Nonetheless, the real factor and the one they tell you may be 2 completely different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in profits, or an array of various other reasons. This is why it is really important that you not count absolutely on a vendor's word, however instead, utilize the seller's solution in conjunction with your overall due diligence. This will repaint a much more sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering points such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that earnings margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be met or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new consumers? Often times, operating businesses have repeat clients, which form the core of their everyday earnings. Certain factors such as new competition sprouting up around the area, roadway building and construction, and also employee turn over can impact repeat consumers as well as negatively impact future revenues. One important point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning consumer base. A final thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the neighborhood mean home income influence future income potential?