Red Wing Shoe Store
Be a part of our premier footwear brand! With over 100 years of success, we've been creating comfortable, purpose-built footwear. Red Wing Shoes operates world- wide with over 400 locations and 200 on-site shoe mobiles specializing in bringing our footwear and accessories directly to industrial work sites!
Requirements
Financial requirements for this dealership:
| Liquid Capital: | $50,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $300,000 What does Net Worth mean? |
| Total Investment: | $325,000 What does Total Investment mean? |
Options
Options available to dealers:
| Training: | Available |
|---|---|
| Veteran Discount: | $25,000 Towards Store Build-Out |
Company Details
Facts about this dealership:
| Total Units: | 500 |
|---|---|
| Year Founded: | 1905 |
| Franchising Since: | 1952 |
What Does a Red Wing Shoe Store Dealership Cost?
To buy a dealership with Red Wing Shoe Store, you'll need to have at least liquid capital of $50,000 and a minimum net worth of $300,000. Dealers can expect to make a total investment of at least $325,000. They also offer a discount for veterans ($25,000 Towards Store Build-Out). *
About Us
More than 110 years ago, Red Wing Shoe Company was founded on the idea of creating comfortable, purpose-built footwear. Today Red Wing Shoes is the premier work and safety footwear brand in the world with over one hundred and ten years of manufacturing experience and operating two factories and our own tannery in the U.S.
We are a privately held, third generation, family-owned business located in Red Wing, Minnesota.
Red Wing Shoe Company has over 500 Red Wing Stores in 48 states and Canada, comprised of 330 dealer-owned and 170 company-owned stores. Our mobile services add a dimension of sales that goes beyond the “reach” of the stores. There are 170+ mobile shoe stores serving business customers at their work sites.
The Dealership Opportunity
- Strong year-round business with significant ROI potential
- Full retail support from Red Wing Shoe Company including national advertising, complete online solutions, marketing and merchandising materials, inventory management
- Multi-unit expansion opportunities
- No franchise fees, no advertising fees, no royalties
- $325,000 investment includes: inventory, store build-out, pre-opening expenses, advertising, and working capital
New Dealer Benefits
- Opening inventory with no payments for 6 months with final payment due at 15 months - saves up to $10,000 in borrowing costs
- For stores that open in 2018, Red Wing contribution to store build-out $25,000 reimbursement - not a loan and is not repaid
- Red Wing proprietary POS software, free for 1 year - saves $6,000
- Free market analysis and site selection assistance
- Pre-opening training and ongoing support from Regional Field Sales and Operations Team at no cost
- SBA and 401k financing contacts and services made available
Find out more about owning a Red Wing Shoe Store that offers strong potential for an excellent return on investment and the opportunity for building a legacy business.
Availability
Red Wing Shoe Store is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $50,000 in liquid capital to invest.
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