Turnover in last financial year £657,550
Currently staff run with minimal management
Prime town centre location with high levels of footfall
Loyal customer base with high brand awareness in town and surrounding areas
An opportunity to purchase a very well established and profitable independent shoe shop located in a prime position at the centre of this attractive garden city.
The shop was opened in 1962 and has been in the same family since that date. Now on the market due to the owners wishing to devote more time to other business interests.
Presently the shop is almost fully staff run but new owners would have the option to take a more hands on approach and this almost certainly would be to the benefit of the shop trading.
The shop premises comprises two large units and we estimate that the retail area extends to some 3,000 square feet. The vendors are prepared to create a new lease at a market rent of £45,000 per annum on terms to be agreed. Alternatively they will be happy to negotiate on the basis of selling just one of the units at a lower rent.
The shop sells ladies, childrens and mens shoes, gearing their product range to the demands of their local market. They continue to prosper as an independent shoe shop due to their ability to understand and cater for their ciustomers' needs. High value is placed on customer service and the shop maintains good profit margins despite pricing competitively.
This is a confidential sale and prospective purchasers will be required to enter into a confidentiality agreement before further details of the business can be shared. Full and detailed financials are available.
Price Guide £175,000 for the goodwill, lease, fixtures and fittings etc plus stock at valuation (approximately £200,000).
Number of Employees: 18
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