Shoe & Custom Orthotics Store in New England SBA Pre-Q

Price: $250,000

Location: New England

Industry: Retail

Listing ID: CM1122022

This 4-year-old store has been experiencing explosive growth, averaging over 40% per
year! In 2021, sales increased 65% over 2020 sales.

The store is conveniently located just off a major interstate highway with lots of free
parking. Their product lines include both men’s and women’s athletic, casual, dress
and work shoes from 25 nationally known brands, but more importantly, they also sell
custom orthotics, custom shoe modifications, and many over the counter arch supports
that help or eliminate pain caused by plantar fasciitis, achilles tendonosis, and many
other foot problems. They currently use their onsite Pedorthic lab to do minor
adjustments and customizing of over-the-counter arch supports. Their lab is capable of
doing custom orthotics but they currently send their custom work to a central
fabrication lab elsewhere in the state.

In addition to regular footwear, this store offers specialized footwear and devices for
those suffering from all sorts of foot pain, including plantar fasciitis, metatarsalgia,
Achilles tendonitis, hallux valgus, plantar warts, hammer toe, bunions and more.
Because of this wide range of extra services, they are much more than just a shoe store.
They literally have no competition anywhere in their state. Customers drive to them
from hours away and many are referred to them by their physicians.

Being in New England, this store specializes in keeping their customer’s feet
warm with custom insoles that have heating pads as well as boots that are rated to
-40F. Many of their winter boots and shoes are fitted with ingenious hide-away cleats
that fold back into the boot when not needed.

Other products include steel-toed work boots (with special widths up to 6E), which are
required by many area employers.

***Confidential Listing***

Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.

Listing Details

Gross Revenue: $1,100,000

Cash Flow: $279,999

Inventory: $250,000

Lender Pre-Qualified?: Yes

Reason For Sale:

Retirement

Training & Support:

Seller will train buyer in making orthotics and other devices

Operation

Year Established: 2018

Days & Hours of Operation: Tuesday-Friday 9-5pm Saturday 9-4pm

Owner Hours Per Week: 40

Location

Monthly Rent: 1,588

Summary

Owner Qualifications:

No special licenses needed