Listing Number: 76931-915823
Description
This established business has proudly served the community for over 70 years, originally opening as a department store and transitioning into a dedicated shoe store in the 1970s. Since then, it has maintained a reputation as a “sit-and-fit” store, prioritizing comfort, precise fitting, and exceptional customer service. During the 1990s, as the Texas town grew into a manufacturing hub, work boots were added to the product line, attracting new clientele. This growth has continued, with both the local population and manufacturing sector steadily expanding.
The current owner, who took over in 2015, has maintained the store’s unique legacy while modernizing its reach with an online presence that is already in operation. Situated in an advantageous location, the store is near an upcoming tourist development projected to drive substantial foot traffic. The business has also built strong partnerships with manufacturing firms, securing a loyal, repeat customer base.
In 2023, the store achieved $528,000 in sales, with a gross margin of 38%. Sales and profits have remained consistent over the last six years, highlighting the store’s stability. Under previous ownership, solid commercial relationships and an online platform were developed, laying a strong foundation for further growth.
The current owner is ready to pass the business on, seeking to focus on family and return to the education sector. This presents an exciting opportunity for a new owner to either actively manage the store or hire a manager to expand sales. With its strong foundation, reputable history, and expanding market, this business is well-positioned for continued growth under the right leadership.
Listing Details
- Price: $ 515,000
- Down Payment: $365,000
- Sellers Discretionary Earnings: $ 81,092
- Total Sales: $ 528,329
- Location: Guadalupe County, Texas
- Inventory: $ 225,000
- FF&E: $ 5,000
- Employees: 2
- Reason for Selling: Change careers
- Category: Shoes/Footwear
