Listing Number: 6842-646958
Description
Rare opportunity to acquire a highly profitable, independent designer, manufacturer, and retailer of women’s high-fashion footwear. For more than two decades, the founder/owner of these two retail locations has designed his own styles, created his own brands and manufactured the product in Italy. Shoe styles range from high, medium, and low heels to flats, boots, sneakers, and sandals. Accessories include beautiful handbags, evening bags and totes. Focused on his concept of high fashion and comfort at reasonable prices, revenue comes from brick-and-mortar retail, online & catalog sales, and wholesale, with sales per square foot as high as $250. Growth opportunities include improved marketing, ecommerce development and new locations. Owner is open to continuing as a consultant.
Pandemic years aside (2020-2021), the business has consistently produced SDE in the $1 million range (25% to 33% SDE margin). 2022 was one of the best years ever for this business with sales topping $3.5 million and SDE just under $1.2 million.
Listing Details
- Price: $5,500,000
- Down Payment: $5,500,000
- Sellers Discretionary Earnings: $939,379
- Total Sales: $3,301,945
- Location: New York, NY
- Inventory: $1,500,000
- FF&E: $100,000
- Employees: 11
- Year Established: 1999
- Reason for Selling: Focus on other business interests.
- Category: Shoes/Footwear,Manufacturing,Wholesale,Clothing
