Financial Information


  • Asking Price: $800,000

  • Gross Income: $1,751,323

  • Cash Flow: $323,389

Description

👟 High-Grossing Specialty Sneaker & Apparel Store – Long Island

📍 $1.7M Gross Revenue | $320K Net Income | Prime Mall Location | Absentee-Run

Here’s your chance to own one of Long Island’s busiest and most recognizable specialty sneaker and streetwear stores, located in a high-traffic shopping mall with prime placement. This store is generating an impressive $1.7 million in annual revenue while being run completely absentee—presenting a major opportunity for a hands-on operator to step in and drive profitability even further. The current owner resides over three hours away from the facility and, due to family obligations, is no longer in a position to actively manage or grow the business. They strongly believe that a more hands-on operator who is local or more engaged in day-to-day operations could significantly scale the business and take full advantage of its untapped potential.

 


🔑 Business Highlights:

✅ $1.7M in annual sales – consistent performance year-over-year
✅ $320K in net income – fully staffed with minimal owner involvement
✅ Absentee-operated – great team and systems already in place
✅ Premium mall location – one of the best spots in a major shopping center
✅ Strong brand mix – in-demand sneakers, limited releases, and curated apparel
✅ Loyal customer base and steady foot traffic
✅ Clean financials and scalable business model

 


📈 Growth Potential:

  • Owner-operator can reduce payroll and increase net income significantly
     

  • Expand e-commerce presence and social media reach
     

  • Add exclusive drops, memberships, or sneaker cleaning/resale services
     

  • Explore multi-location or franchise potential
     

 


This is a turnkey, cash-flowing business in a booming retail category with a built-in audience. Whether you're an experienced fashion retailer or an entrepreneur passionate about sneakers and streetwear, this is a rare opportunity to step into a profitable, established operation in a premium Long Island mall.

 


📞 Serious inquiries only. NDA and proof of funds required for financials and confidential tour.

Contact:
Joseph Mesi
East Coast Business Brokers
📱 631-236-8598
✉️ joseph@eastcoastbusinessbrokers.com

Property Information

  • Listing Number: 12473
  • State: New york
  • County: Suffolk

People Also Viewed

Subscribe to Our Listings!

Subscribe to get latest updates and information of listings.