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Long established women's shoes and boots store (1987) on one of Brooklyn's busiest shopping destinations. Asset sale by owner includes - undervalued lease, over $125k in high end inventory, annual net income approx $80 - $100k. Attractive storefront completely remodeled 1 yr. ago - 1000 sq. feet plus full basement. Turnkey operation. Favorable lease terms for qualified buyers.



Real Estate:
Lease
Lease terms:
Asset sale...no financials BUT owner will allow on-site due dilligence to verify approx annual net income of $85k . Seller also owns real estate. Will give 5/5/5 lease at $4k/mo. Undervalued lease as rents in surrounding area are double. Also includes over 7000 pair of shoes/boots valued over $125k at cost. Utilities and labor minimal.

Reasons for selling:
personal
Years established:
1985
Support & training:
yes
Furniture / Fixtures value:
$25,000
Inventory / Stock value:
$125,000


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