Hilton Smythe welcomes to the market SoShoes Ltd. The business has been established for over 44 years with our client successfully running the business for the last 9 years. The business reports a healthy turnover of circa £70,000 for this financial year.
SoShoes Ltd is very well known in the area and sees a high amount of repeat trade with no advertising required. The business offers a host of services including shoe repairs, watch and strap repairs, supply of watch batteries, trophy supply and engraving, key cutting and pet tags, – retail of quality leather goods, laces and shoe maintenance accessories and more.
The store is very well positioned within the town and with excellent signage is highly visible to passing trade and houses a high level of equipped to suit the trade, with the potential to introduce on-line trade to further turnover. Our client has spent a considerable amount of money installing a 3 phase special metered electricity supply under the road into the shop, this allows the running of a huge power shoe machine that never lacks in power.
We are advised there is also the possibility of purchasing our clients stunning 2 bed flat within the area, available by separate negotiation and priced at £135,000. The accommodation is within a 10 minute walk of the business, suitable perhaps for a couple or small family looking for a life style change in this most desirable location.
The business genuinely comes to the market as our client is moving away, however, he is happy to offer a 6-8 week hand over period if required to help with the smooth transition of ownership.
The business is located in the lovely historic market town of Chippenham, Wiltshire.
SoShoes Ltd occupies a prominent corner trading position on a busy crossroads in the heart of the town centre, surrounded by a plethora of independent retail outlets, eateries and town centre amenities ensuring a constant and heavy footfall throughout the day.
There is ample parking in the centre and regular bus services run throughout the day. The train station is an easy stroll away from the business.
Substantial corner premise with great frontage on two main roads and briefly comprising:-
Large glass windows – displaying medals – trophies – retail items etc
Newly installed in the last year- signs above shop door and exterior skirting
Retails area with multiple display cabinets.
New rubber flooring (non-slip)
Large till area – dividing room
Behind till area is the work area and underneath are storage drawers.
Machines along the back wall
Shoe repair station next to that is the key cutting equipment
The wall to the right hand side has all the watch equipment
Back room there is a machine to do the leather stitching – gluing etc
Rear room housing the electronic laser cutter, computer, small kitchette area and toilet facilities.
3 phase – 2 head – shoe machine – very rare hard to find fully serviced all belts etc up to date would cost £33k
3 phase metered electricity put into the shop
2010 Rekord - £3,5000
Ford specific car chip copies and re-coder - £5,000
RST Tempest Ford specialist key cutter
RST Key Laser Cutter valued at around £1,400
General car key re-coder
Plate Engraver circa £17,000 – electronic run from computer top machine (Signature 880)
Used for brass coffin lids, inside ring band engraving. Hot Point needle can heat gold and stick it to a leather belt for example
Hot Melt Machine – for show soles etc
Leather outside stitcher – Victor – Very rare – new £20K now second hand at around £4,000.
Shoe expander- £1,000
Over £5,700 keys styles dating back years (great for old vehicles)
All the equipment is fully serviced working like brand new and looks great .
We are advised leasehold
The original lease length is 10 years
As of 2016, 9 years remain on the lease
Reviewed every 5 years
Rent is £10,400 per annum
The business opens:-
Monday to Saturday 9.00am – 6.00pm
The business is owner run and managed.
The business reports a healthy turnover of circa £70,000 for this financial year.
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