Shoe Repair Shop for Sale in Detroit, MI
Why this business stands out
This Michigan-area shoe repair shop generates strong owner earnings relative to its asking price in a low-competition personal services category. The business serves an established local customer base in the greater Detroit metro area with a proven high-margin service model. The low entry cost and strong cash flow relative to asking price make this an accessible acquisition with attractive return characteristics.
Financing snapshot
An illustrative SBA 7(a) scenario based on the figures above. Model your own assumptions in the SBA loan calculator.
- Asking price
- $150,000
- Cash flow (SDE/EBITDA)
- $132,704
- Est. down payment (10%)
- $15,000
- Est. SBA loan (10yr @ 10.5%)
- $135,000
- Est. monthly payment
- $1,822
- Annual debt service
- $21,859
- Owner cash flow after debt
- $110,845
Illustrative only — not a financing offer. Assumes a 10% down payment and a 10-year SBA 7(a) loan at 10.5%. Actual terms vary by lender, deal structure, and buyer profile.
The DSCR shown is computed on raw cash flow — before the owner-salary, maintenance-capex, and rent adjustments SBA lenders apply when underwriting. Model the lender's view in the DSCR calculator.
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Frequently asked questions
How much does this personal services business cost?
The asking price is $150,000. Exact terms and any seller financing are confirmed directly with the seller after you sign up.
What is the cash flow and valuation multiple?
This business reports approximately $132,704 in annual cash flow (SDE/EBITDA), implying a 1.1x multiple on the asking price.
Where is this personal services business located?
It operates in the Detroit-Warren-Dearborn area. The exact city is shown after you create a free Searcher OS account.
Can this acquisition be financed with an SBA loan?
Many businesses in this price range qualify for SBA 7(a) financing, which can cover up to 90% of the purchase price over a 10-year term. See the financing snapshot above for an illustrative scenario.