Red Wing Shoe Store Chesapeake VA For Sale

Location: Virginia, United States
Category: Retail
Type: Established

Financials

Asking Price: $165,000
Cash flow: Not Disclosed
Revenue: Not Disclosed
Gross Income: $420,000
Inventory: Not Disclosed
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

Red Wing Shoe Store, 681-A North Battlefield Blvd, Chesapeake,VA for sale. Established dealership business (no franchise fees) has been open for almost 11 years and the parent company Red Wing Shoe Company in Red Wing, MN has been around for over 100 years. We have ten years worth of established customer relationships in our database plus a broad base of industrial major account business. 2007 & 2008 our store did over $420,000. In 2009 we were down almost 20% due to lack of inventory. Family priorites, a career change as well as lack of money to help us maintain a proper inventory have us relocating 500 miles away. Our store currently runs itself with a manager and a part timer and bookkeeping is done by the wife. Store is located in highly visible and well traveled area. $165,000 includes existing inventory ($10,000-$15,000), all fixtures, furniture,established business database. More inventory will be needed to bring up to acceptable inventory level of around $100,000. Existing lease in place until 10/31/2011. If seriously interested please contact us and we can talk more about specifics.
gorbucks@msn.com

General Information

Reason Selling: Owners%2Bselling%2Bstore%2Bto%2Bmove%2Bto%2Braise%2Bchild%2Bcloser%2Bto%2Bfamily%252Chusband%2Bgot%2Ba%2Bnew%2Bjob%2Band%2Bwe%2Bdo%2Bnot%2Bhave%2Bthe%2Bmoney%2Bto%2Bmaintain%2Ba%2Bproper%2Binventory.

Number of Employees: 3
Year Established: 1999