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Listing ID: 3054989

Okanagan Shoe Repair Business For Sale

1627 Ellis ST, Kelowna, British Columbia, Canada

BUSINESS SOLD

Revenue: CA$ 250,000

Cash Flow: CA$ 85,000

Business Description

Existing 46 years on same street in Kelowna, a very busy location in the downtown core. Only full service shoe repair in Kelowna. 80% shoe repairs, 20% shoe care products, key cutting, knife sharpening, watch battery replacement and some specialty shoes/slippers. Sales have been as high as 400K when we were also selling a couple of other lines of footwear. Thousands walk by our door daily, customer counts 100-200 people daily.

IDEALLY I WOULD LIKE TO SEE/CONSIDER A PARTNERSHIP WITH MY SON IN THE BUSINESS SO I COULD RETIRE

Please contact us for more details.

Property Details

Size:

1500 sq feet

Years Established:

1973...46 years I am the third owner

Property Type:

Lease

Other Details

Business Location:

Ellis St is the main entrance into the downtown core off of Hwy 97. Surrounded by 5 banks and office towers with more being constructed

Competition:

The closest is in West Kelowna but we have been informed that the owners health is poor and opens sporadictcally

Expansion Potential:

Orchard Park is the largest regional mall in the interior, they use to house a repair shop but closed years ago. Our customers ask us daily to open a second shop there

Operation Details

Employees:

2

Trading Hours:

Closed Sunday and Monday Tuesday to Friday 9-5 Saturday 10-3

Support & Training:

If necessary I would be willing to stay temporarily to train. My head shoe repairer is my son, he would be willing to stay on as well as my daughter who is the front end manager .

Miscellaneous

Financing Available:

Yes
possibly 50-75 K could be available to the right person

Reason For Selling:

Retiring for major health reasons, doctors orders

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