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Footwear Company for Sale in Nicosia, Cyprus

Well-established and leading retail footwear brand in Cyprus with a strong market presence for sale.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 1.13 million
Run Rate Sales USD 1.35 million
EBITDA Margin 10 %
Industries Footwear
Locations  Nicosia
Local Time 1:31 PM Europe / Istanbul
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 510 thousand (Native Currency: EUR 450,000)
Reason: The owner has made the decision to retire and, as a result, is no longer able to continue managing t... View More
Includes physical assets worth USD 170 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Known for catering to both fashion-forward and value-conscious consumers across diverse age groups.
- Products are favoured by customers who prioritize both aesthetics and value, including fashion enthusiasts and budget-conscious shoppers.
- The company strategically selects store locations in high-footfall areas to maximize accessibility and visibility.
- Founded 20 years ago, the brand has grown steadily to become a household name in the Cypriot footwear industry.
- Currently operates 12 well-established stores across key urban locations such as Nicosia, Limassol, Larnaca, Paphos, and Paralimni.
- Focused on offering high-quality, affordable footwear options for the whole family, with a strong commitment to customer satisfaction.
- Over the years, the company has cultivated a loyal and expanding customer base through consistent product quality and service.
- Maintains long-term relationships with over 50 reliable suppliers from Europe and China, ensuring a steady supply of trendy and durable footwear.
- The business’s hybrid model allows it to reach a broader audience and adapt to changing consumer shopping habits.
- Dedicated to continuous growth and innovation, while maintaining a strong foundation built on trust, quality, and customer loyalty.
Products & Services Overview
- Product range includes:
- Women’s footwear featuring a wide selection of contemporary styles, colors, and seasonal trends.
- Men’s and children’s shoes designed for comfort, durability, and everyday wear.
- Operates under a direct-to-consumer (D2C) retail model, combining traditional brick-and-mortar stores with an evolving online sales platform.
Assets Overview
Tangible assets.
These are physical assets with measurable value that the buyer would take over:
1. Retail store locations – includes lease agreements, store interiors, fixtures, and improvements.
2. Inventory – includes footwear stock (men's, women's, kids’) and any seasonal or clearance items.
3. Furniture and fixtures – display units, shelving, racks, checkout counters, mirrors, and signage.
4. IT equipment – point-of-sale (POS) systems, computers, printers, tablets, security cameras, and alarm systems.
5. Vehicles – used for delivery or logistics, if owned by the business.
Intangible assets.
1. Brand name and registered trademark.
2. Customer database.
3. Online presence – includes website and social media accounts (Facebook, Instagram, etc. )
4. Google business listings and customer reviews.
5. Supplier relationships.
6. Distribution agreements.
7. Employee know-how – includes trained staff, managers, and internal processes (if retained post-sale)
8. Licenses and permits – includes business operation licenses, retail permits, and VAT registration.
9. Goodwill – includes brand reputation, location advantages, and customer loyalty.
Facilities Overview
Currently operates 7 brick and mortar stores in the best locations of each city and a vehicle to manage the inside logistics.
Headquartered in Nicosia.
Capitalization Overview
The business is currently funded through a mix of internal capital and retained earnings. At present, there is no active loan.
The company is a privately held entity with a sole shareholder (100%).
No external investors or venture capital are involved at this stage. All business decisions and funding initiatives are managed internally by the core ownership group.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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4 Buyers viewed this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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