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Listing Number: 3742

Shoe Store Business for Broker in Newport County, Rhode Island

Business: Shoe Store Business for Broker
County, State: Newport County, Rhode Island
Business Type: Apparel and Accessory Store, Illness Forces Sale!, Shoe Store

Summary Description

Upscale retail shoe store located in a high end shopping district with a well known address in a popular seaside resort area. This truly turnkey operation offers known brand names for both men and women such as Cole-Haan, Alden, Donald Pliner, Audley, Tommy Bahama, and more. This posh boutique is tastefully decorated and has a very healthy sized inventory and updated computer system. The space has a full basement as well as back room storage and office area. Get in now for the busy summer season when the shoes fly off the shelves. Owner is selling due to illness. This is a great opportunity for the right person who likes and knows shoes, and wants to locate in a great community. Tremendous location for an established name expansion.

About the Sale

Asking price: $185,000 (USD)

Financing: $185,000 down

Total Revenues: $373,009 (USD)

Cash Flow: $82,171 (USD)

Reason Selling: health issues

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.