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Shoe Repair, Price Recently Reduced!

Long-standing Shoe Repair Business; same ownership for 30 years; 11 years at same location. Long-term, loyal customers with 90% repeat business and virtually no marketing. Excellent location in commercial shopping center near major Freeway in Tustin, California. Ralph’s Grocery the anchor tenant. Perfect for owner-operator.

Equipment includes eight shoe repair machines, replacement value of approximately $25-30,000.

Year Established: 1978

Employees: 1 full time employee with an annual payroll $21,000

Facility: 600 square feet at a total lease cost of $2,439 + CAM of $557/month, expiring 12/09 with an option to extend for 5 years

Price Includes: Furniture, equipment and tenant improvements. Inventory of approximately $5,000 not included.

Support/Training: Seller will provide training.

Reason for Selling: Retirement

Asking Price: $ 85,000

Gross Revenues: 101,000

Seller’s Discretionary Earnings: 28,000

For more information on this business opportunity, please contact us.

Disclaimer: The above information is provided by the Seller. Neither the broker nor its agents have confirmed, verified or audited any information provided by the Seller and Broker makes no representation as to its completeness, accuracy or reliability. Due diligence efforts are the responsibility of the Buyer. Broker encourages Buyer to engage competent legal, accounting and other professional service providers to evaluate this business.