Shoe Repair for Sale in Queens County, New York - 37700 Business Type: misc. service/non-classifiable,non-classifiable establishments,other business services,other personal services,owner financing available,repair services,shoe repair
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $390,000 | Down Payment | $250,000 |
| Gross Revenues | $220,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $150,000 | Number of FT Employees | Register Free to View |
Financing
$250,000 Down and Balance of $140K @6% for 60 months
Business Description
Established 25-Year Service Business – Shoe Repair, Alterations & Locksmith | Seller Financing Available. Seller Will Train
Take advantage of this rare opportunity to acquire a well-established shoe repair, alteration, and locksmith business that has successfully served its community for over 25 years. This turnkey operation has built a loyal customer base, strong reputation, and consistent cash revenue, making it an excellent investment for an owner-operator or an entrepreneur looking to expand.
Business Highlights:
- Established 25 years
- Approximately 1,300 sq. ft. retail location
- Strong cash-generating business with loyal repeat customers
- Multiple revenue streams: shoe repair, clothing alterations, and locksmith services
- Over $100,000 in inventory included in the sale
- All equipment included value at $40K – start operating from day one
- One full-time alteration employee in place
- Seller is committed to a smooth transition and will remain for up to 2 months to train and assist the new owner
- Seller financing available: $250,000 down, with $140,000 financed at 6% interest for 5 years
-
Gross Sales- $220,000Cash Flow- $150,000Monthly Rent-$3,800
This is an outstanding opportunity to acquire a long-standing, recession-resistant service business with established operations, loyal clientele, and immediate cash flow. Whether you're an experienced operator or looking to enter the service industry, this business offers a solid foundation with excellent growth potential.
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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