Business Overview

Sprong Children’s Shoes a Buckhead Atlanta GA Specialty Retailer for Sale w/Dominant Market Position – Well Est. – High Sales & Profit – Short Hours – Clean Books & Records

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, or Ownership. Documentation and Inspections will be provided upon request)

Sprong Children’s Shoes for sale.
Located at 3716 Roswell Rd NE, Atlanta, GA 30342.

Buckhead Atlanta GA Specialty Retailer for Sale w/Dominant Market Position.

Established almost 20-years.

Recognized by Footwear News as one of the top children’s shoe retailers in the country, Sprong has been taking care of Atlanta’s best-dressed kids for over fourteen years. The store offers a selection of stylish, affordably priced shoes for active, fashionable kids.

Carrying name-brand athletic, sandals, dresses, and casual shoes, Sprong offers the most diverse selection of quality footwear in all of Atlanta. Our professional team focuses on fitting your children properly in a friendly atmosphere.

You may also want to ask about our beautiful line of hair accessories, socks, and tights. We even have a few select brands of women’s shoes for both big sister and mom!

Incredible Location.

2,700 sf.
Rent at $11,000 per month all in.

Short Hours.

Monday – Saturday: 10am – 5pm
Sunday: Closed
Closed Sundays.

2022 Gross sales tracking $1,300,000.
2021 Net Profit estimated to be $200,000.

The owner operates with sales staff and back-office staff member earns $60,000 annually.

Inventory presently about $252,000

Priced at $850,000 including inventory.

Financial

  • Asking Price: $850,000
  • Cash Flow: $200,000
  • Gross Revenue: $1,300,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $250,000
  • Inventory Included: N/A
  • Established: 2002

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,700
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Incredible Location. 2,700 sf. Rent at $11,000 per month all in. Short Hours. Monday – Saturday: 10am – 5pm Sunday: Closed. Inventory included, presently about $252,000

Is Support & Training Included:

Ask broker for details.

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker.

Opportunities and Growth:

Ask broker.

Additional Info

The venture was started in 2002, making the business 20 years old.
The sale shall not include inventory valued at $250,000*, which ins't included in the asking price.

The building is leased by the business for $11,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. Nevertheless, the true factor vs the one they tell you might be 2 entirely different things. As an example, they might say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, recent reduction in profits, or an array of various other reasons. This is why it is really vital that you not count completely on a seller's word, however instead, make use of the seller's answer along with your general due diligence. This will repaint an extra sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover things like inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that profit margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in brand-new consumers? Many times, companies have repeat clients, which develop the core of their everyday profits. Specific variables such as new competition growing up around the area, road building and construction, and personnel turnover can impact repeat consumers as well as adversely impact future earnings. One essential point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the chance to develop a returning customer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the local mean house earnings effect future earnings potential?