Handmade Men’s Dress Shoes – 97% Positive Reviews – High Demand Industry

Asking Price:
$240,000
Sales:
$555,356
Multiplier:
3.2x
Earnings:
$75,544
Year Established:
2020

A SellerForce offering, this eCommerce brand for men’s dress shoes. Their brand stands out by combining business and casual into each handmade shoe style. Their top-quality shoes range from wingtip to orthopedic with the aim to provide an eye-catching look while maintaining a cozy fit. This fiction movie inspired brand aims to appeal to the men that desire the luxury look with a commodious feel.

With an average order size of $80.58 this start-up company quickly generated 2,474 orders in just 6 months of operation. Generating nearly a quarter of a million dollars and a 97% 5-star rating in such a short time shows the tremendous growth potential of this premium shoe brand.

The footwear industry expecting to hit 270 billion before 2025 this brand is perfectly positioned to scale with the demand. This eCommerce brand would quickly grow with the proper budget for media engagement, SEO engagement and influencer partnerships. There is also opportunity to branch out to other seller platforms in this untapped shoe market such as Amazon and Pinterest.

Established in September 2020. This brand is comprised of professionally handcrafted men’s dress shoes. Each shoe is made from the finest most durable materials on the market providing comfort and style. After wearing so many other luxury shoe brands and not finding comfort this owner set out to solve that problem with great success. The owner currently keeps a small inventory on hand with the rest being made per order. An experienced owner could increase their inventory on hand to decrease the ship to time and effectively grow the company’s profit.

As an owner operator the current owner invests 20 hours weekly addressing customer service, marketing, and distribution. Working with their current manufacturer and shipping from their home office they can fulfill all customer orders comfortable within the 20 hours.

The dress shoe market is virtually unrivaled, and the overall industry is booming. That said with the right person in charge of social media management, there is an opportunity to exponentially grow this business. Perhaps more exciting Amazon has yet to be explored as another potential route to sell this stunning shoe brand.

 

Listing Number: SF06

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