Growing Designer Shoe and Accessory Store For Sale

Business description

Sales grew 38% in 2007!!! Designer Shoes and accessories on par with the best. Store currently has high inventory but owner will work with buyer to sell down or keep what the new buyer doesn't want to purchase. Store is fully staffed. Current owner works about 15 hours a week. Increase the profits if you work in the store. Complete and accurate records, tax returns etc. POS system. This store is just hitting its stride and is set up for further growth.

Property information

Real Estate:

Lease

Lease terms:

Year to year lease with 5% increases. Current rent is $2,500 per month.

Location:

Nice shop in one of Westchester's river towns.

Other information

Expansion potential:

Growth and Expansion: Continue to market to a purchased mailing list of 7,500 potential customers, and stay in contact with the store's own 3,000 client database

Competition / Market:

There is no other store in Westchester, including Nordstrom and Nieman-Marcus that sells as broad a line of high end shoes and accessories. Lines include Tory Burch, Stuart Weitzman, Delman, Lilly Pullitzer and many others.

Support & training:

Two weeks or as needed

Reasons for selling:

Moving

Furniture / Fixtures value:

$16,000 (included in the asking price)

Inventory / Stock value:

$300,000