Shoe Store & Repair Farmington Hills, MI 48334
- Retail properties
- 2,360 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Shoe Store & Repair
- Year built
- 1972
- Property size
- 2,360 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This thriving, family-owned shoe store and repair shop in Farmington Hills, Michigan, presents a unique investment opportunity. Established in 1972 and operating from its current 2,360-square-foot location since October 2010, this business boasts a prime position at a high-traffic intersection in Oakland County. The current owner is retiring, offering a chance to acquire a well-established enterprise with significant growth potential. The business specializes in men's shoes and accessories, along with comprehensive shoe repair, restoration, sole repairs, and replacements, including authorized Mezlan shoe repair services. The asking price is $389,999, and the current lease is a Triple Net (NNN) agreement expiring February 27, 2026, at a monthly cost of $7,498. The business currently employs four part-time/full-time employees. Inventory is not included in the asking price. There is no immediate competition in the area, presenting a clear opportunity to expand market share by increasing operating hours and implementing targeted marketing strategies within the community and on social media. The seller is willing to provide training to ensure a smooth transition for the new owner. Financing options include cash or bank financing. This is an exceptional chance to own a profitable, established business in a high-demand location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3469
- Latitude
- 42.5049
