Shoe repair and leather goods.

First time on the market. Professional shoe repair and dry cleaning service. Established 1950 and is still run by the same family. Upscale location in San Gabriel Valley area. Shop size is 800 SF, rent is $1,700/MO, gross annual sales are $ 100,000, and the net income is $50,000. Keep in mind that this is a cash business. The shop is surrounded by a residential neighborhood, retails, offices and restaurants with consistent cars and foot traffic. Majority of business is regular loyal customers. This shoe repair shop caters to all leather related needs: shoe repair, bag and luggage restoration, stitching, dying, as well as dry cleaning service. Opens 5 days 9:00 – 6:00 Saturday 9:00 -5:00 and closes Sunday and Monday. Seller doesn’t use any marketing, or promotion relying only on word of mouth. All customers pay in advance before the job is done. This is the only shoe repair shop in the city. It serves the town and the surrounding communities. Business has a great potential to grow by adding a cloth alteration service. Seller is retiring and is willing to stay with the new buyer for a one month to train him and introduce him to his customers. All equipment including a key machine is included in the sale. Buyer can benefit from the good location, reputation and somewhat built-in client base to grow the business to its full potential. Location: Los Angeles County, California Year Established: 1950 Number of Employees: 1 Facilities: equipment included in the sale: Artisan machine, single sewing machine, 3 Landis machine (stitching sole), single Sutton machine, jack master grinder, Landis finisher, 2 Sutton machines 2 Landis, Adler sewing machine, a key machine and more.800 Sf, rent is $1,700/MO, patio in the back and ample parking spaces. Market Outlook/ Competition: No competition whatsoever since this is the only shoe repair in the city. Growth & Expansion: Great room for expansion if buyer opens 6 days instead of 5 and if he adds a cloth alteration service as well.