Queens Brand Name Footwear And Sports Apparel Store For Sale

Business description

This business is a leading retailer of top name foot wear and clothing and a destination store located in the NY metro area. Over its 35 years in business, this company has established an impeccable track record for providing a broad selection of high quality, in demand brand items including goods from Nike, Puma, Jordan, Timberland, New Balance, Reebok and many others. They are known for carrying one of the largest selections of these quality names in the Metro NY area and are recognized for their ability to fulfill the continuing strong demand for these items in their geographic market. Families and sports apparel aficionados travel to this store from Long Island and all five boroughs to make purchases. They have an excellent reputation for outstanding customer service due to their professional and highly efficient staff. They are widely recognized as a company that is totally committed to reliability, quality and complete customer satisfaction.

Property information

Real Estate:

Lease

Lease terms:

9 years left on lease

Leasehold rent:

$5,500 per annum

Premises details:

The store is operated in a 4200 sq. ft. building conveniently located near a number of major interstate roadways and key subway lines to and from NYC. The store is very attractive inside and out, and fully functional. The storage/inventory area makes up roughly 50% of the total building square footage and contains features such as easy accessibility for incoming trucks and highly functional racking and shelving. All inventory is arranged and stored in custom designed storage areas for easy picking.

Size in square feet:

4200 square feet

Other information

Expansion potential:

The Company believes that a well-planned and financed marketing campaign can significantly increase sales by promoting the companies key competitive advantages (personalized and knowledgeable service, a complete product line and competitive pricing).

Competition / Market:

Competition is very minimal and this company maintains a significant competitive advantage in its local market, due to its ability to satisfy virtually all of its customers’ needs quickly and efficiently. As the best known retailer of Brand Name Footwear and clothing in its area, their reliability and exceptional reputation for quality products and services provides a strong platform for maintaining profitability and market share.

Support & training:

Yes

Reasons for selling:

Retirement

Trading hours:

Mon-Fri 10am to 7pm Sat 9:30am to 6pm Sun 10am to 5pm

Inventory / Stock value:

$500,000