Description
Our firm is excited to bring to market a fourth-generation, family-owned shoe repair business that has been serving Southeastern Michigan since 1970’s. With decades of craftsmanship, the shop has built a strong reputation for high-quality shoe repair and restoration, specializing in bringing footwear back to its original condition.
Customers can bring shoes in locally or take advantage of the convenient mail-in service. In addition to traditional repairs, the business sells shoe care products, accessories, belts, and related items that help customers complete their look. Beyond simple shoe repairs, services also include leather item restoration, reconditioning, full-sole replacement, and other specialized offerings that many competitors do not provide.
The business is located on a major road in Oakland County, with thousands of cars passing the plaza daily. It is situated in a Class A shopping center surrounded by national brands, driving strong visibility and steady walk-in traffic.
Opportunities for growth are significant. A new owner could expand revenue by partnering with shoe retailers, suit shops, and dry cleaners to offer repair services through their locations, while also scaling the mail-in repair and online retail side of the business. With a trusted name, prime location, and untapped growth potential, this business is well-positioned for continued success under new ownership.
Get More InfoBusiness Overview
| Revenue | $509,614 |
| Cash Flow | $160,368 |
| Inventory | To Follow |
| Year Established | 1972 |
| Seller Financing | Yes |
| Employees | 2FT 2PT |
| Business Price | $299,000 |
| Real Estate Price | N/A |
| Package Price | $299,000 |
Key Statistics
- Hours of Operation: Tuesday-Saturday 9am-6pm
- Employees: 2 Full Time 2 Part Time
- Year Established: 1972
- Year Acquired: 1972
- License Required: Sales Tax
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $509,614
- Source: Seller Provided Financials
- Cash Flow: $160,368
- Source: Seller Provided Financials
- Inventory Value: To Follow
Seller Financing
- Business Price: $299,000
- Down Payment: $125,000
- Monthly Payment: $3,960
- Interest Rate: 7%
- Amortization Period: 60
Location
- Monthly Rent: $10,124
- Lease Terms: Lease Expires: 2030
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Disclaimer
The information on this website is for informational purposes only and should not be considered legal, financial, or investment advice. Capital Commercial Group, Inc. makes no guarantees regarding potential income, market conditions, or the accuracy of the information provided. This information has been supplied to Capital Commercial Group, Inc. by sellers or obtained from other sources. We have not and will not verify its accuracy and recommend that purchasers independently verify any information with their own counsel. Links to third-party sites are provided for convenience; we do not endorse or assume responsibility for their content. Users should conduct their own due diligence and seek professional advice before making business decisions.