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 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.
As with many fashion brands and retailers, Covid-19 presented a problem. But, thanks to a loyal clientele and smart management of the mix of styles, 2022 is pacing to return to 2019 levels.
Retail space in two mixed-use residential/commercial buildings plus separate storage. Stores are 1,000 ($13,943.20) and 600 ($27,226.71) square feet. Storage 1,000 square feet. Leases are expire in 2021 and 2027.
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