Reputable Footwear Retailer with Medical Referrals (17693)

Financial & Assets Details

About the Business

Business Description

From southern Arizona, this “shoe store” is a retailer of custom arch supports, over-the-counter (OTC) arch supports and high-quality footwear. With Strong Relationships with Orthotic specialists and plenty of Podiatrist and Chiropractor referrals, the primary product lines include men and women’s shoes from reputable major manufacturers such as Brooks, New Balance, Taos, Dunham and more. There are important aspects of this company to set them apart from the competition, inquire for more details. The company operates from a well-located, retail-based location, totaling 1,500 square feet. This location provides plenty of visibility for foot traffic from local residents, tourists, and customers shopping for shoes and arch supports. The owner of the company currently provides sales support, inventory management, and general oversight. Current ownership is available up to one year to secure relationships, train and if desired, help the new ownership hire more employees to grow the company. The customer base consists primarily of regional residents seeking a personalized shoe fittings and selection. The sales channels that customers use to purchase are retail in-store purchases, through health referrals, internet, print ads, networking referrals, and through word-of-mouth. With its range of high-end products, the company’s marketing efforts focus on targeting repeat business along with new business utilizing direct ad sales, in-person sales, and email marketing. In 2019 the company’s total revenue was $779,455 with Seller’s Discretionary Earnings of $145,484. Minimal impact from the pandemic and the company continues to have stable revenue growth and profits year after year.

Seller Financing

Financing can be negotiable for the appropriate buyer.

Support & Training

Standard 12 month Owner Transition period.

Reason for Selling:

Approaching retirement and/or pursuing other interests.