Recent Store Purchases in the Midwest

Purchase No. 1
Gross Sales
Net Profit
Purchase  Price		 $100,000
$40,000
$60,000

Growth level with improvements (adding retail footwear) … high.

Purchase No. 2
Gross Sales
Net Profit
Purchase  Price		 $100,000
$40,000
$60,000

Shoe repair only

Purchase No. 3
Gross Sales
Net Profit
Purchase  Price		 $80,000 -100,000
$40,000
$20,000

General Comments

With the loss of shops in medium-sized towns over the last 10 years, one store owner in Iowa commented, “I’m the busiest I’ve been in 25 years! Iowa needs another 25 shops.”

A new owner in Wisconsin, and former truck driver, was attracted to the work and to the security. “Can’t get laid off ! I get to control my own destiny.”
He also enjoys the satisfaction of doing something people needed. “I enjoy seeing the difference in the product when it’s finished.”