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Friday, May 18, 2012
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Brand Name Footwear and Sports Apparel
()
Queens - New York, Queens
| Seller Financing: |
No |
| Lender Pre-Qualified: |
No |
| Listing ID: |
74620 |
| Office ID: |
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| Status: |
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Listing Details
| Listed Price: |
$2,500,000 |
| Down Payment: |
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| Total Sales: |
$2,200,000 |
| SDE: |
$500,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
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Included? Yes |
| Real Estate: |
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Included? No |
| Inventory: |
$500,000 |
Included? No |
| A/R: |
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Included? No |
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| Reason for Sale: |
Owner Wishes to Retire |
| Training: |
Yes |
| Financing Terms: |
Buyer must qualify for 3rd party financing |
Operations
| Year Established: |
1976 |
| Last Acquired: |
1976 |
| Form of Ownership: |
S-Corp |
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
No |
| Online: |
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| Employees: |
Full Time: 2 / Part Time: 4 |
| Managers: |
1 |
| Hours: |
Mon-Fri 10am to 7pm Sat 9:30am to 6pm Sun 10am to 5pm |
| Owner Hours: |
30 |
| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
6/1/2020 |
| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
4200 |
| Facilities: |
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Summary
| 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.
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| Historical Summary: |
This company was founded in 1976. Over the last 35 years they have developed a solid reputation as a top retail store with a strong emphasis on the sale of high-end brand name footwear and clothing to the lucrative under 21 year old market as well as generations of families throughout Queens and the surrounding boroughs. This company has established a significant competitive advantage in the marketplace differentiating itself by providing its customers with a large selection of high quality products, backed up with exceptional customer service. |
| Owner Qualifications: |
Buyer(s) must be willing to provide detailed financial statements that will demonstrate their financial capacity to consummate the transaction, as well as a resume and or other records showing that they possess the business skills and acumen required to successfully operate the business. Buyer must also have an excellent credit history and be amenable to a full background check. |
| Competition: |
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. |
| Potential Growth: |
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).
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