Location: New England
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.
Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.
Gross Revenue: $1,100,000
Cash Flow: $279,999
Lender Pre-Qualified?: Yes
Reason For Sale:
Training & Support:
Seller will train buyer in making orthotics and other devices
Year Established: 2018
Days & Hours of Operation: Tuesday-Friday 9-5pm Saturday 9-4pm
Owner Hours Per Week: 40
Monthly Rent: 1,588
No special licenses needed