This is a rare chance to buy a well-established shoe care and alterations business. It is located in a busy retail area on 17 Avenue SW in Calgary. The shop has operated here since 2009. It has a steady base of walk-in and repeat customers. There is very little competition left in the city for this skilled trade. The space is about 662 square feet on the main floor. The building is well-managed with great street exposure. It gets strong foot traffic and has easy parking nearby. The sale includes all shop equipment, leasehold improvements, the business name, phone number, and client list. Inventory is sold separately at cost upon closing. This is a simple business with low overhead. It has no employees and needs little inventory. It is perfect for an owner-operator. The current owner will provide full training for a smooth takeover. There is great potential to grow the business. The current owner works limited hours and does not advertise. You can easily add new services with little extra cost. You could expand the clothing alterations side by adding a sewing station and a seamstress. You could offer handbag, luggage, and leather repair using the current tools to earn higher profits. You could also set up a dry cleaning drop-off service to bring in more foot traffic without needing new equipment or extra rent. This is a sale of the business only. The space is leased. The sale requires the landlord to approve the lease assignment.
Essential information
MLS® number
A2343747
Status
Active
Price
$49,000
Lease rate
$2,112 Monthly
Property type
Commercial
Type
Business
Transaction
For Lease
Restrictions
Landlord Approval
Building area
662 sq ft
Year built
1963
Structure
Retail
Listing brokerage
First Place Realty
Source
Pillar 9™ MLS® System
Interior
Included
The Seller will provide a full list of equipment.
Community
City
Calgary
Province
AB
Postal code
T2S 0A5
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
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10 photos$59,000301 & 303, 5723 10 Street NE, Calgary
