Profitable SHOE SHOP Long Trading History - FREEHOLD

Price:

Freehold - £425,000

Turnover:

Seller Ref:

SS614A

Location:

Somerset , Wincanton

Business Type:

Commercial Property, Retail businesses, Service Businesses

See Other:

Shoe shops for sale in Somerset
Shoe repairs for sale in Somerset
Investment properties for sale in Somerset
Retail businesses for sale in Somerset
Service businesses for sale in Somerset
Commercial property for sale in Somerset

Description:

THE BUSINESS:

This is a unique opportunity to purchase a well establish family business that has been run by the same family for the past 60 years.

The main business is the sale of quality ladies and men’s shoes, boots, slippers and specialist footwear with in excess of 5000 pairs of new shoes available from stock. The business has been established since 1947 and was run by the present owner’s father until 1971 when he took over and has continued the business to date.

They have a regular customer base achieved by providing a large range of quality and specialist shoes and boots along with a personal service. The business has its own website which creates extra customers looking for the quality Loake and Hotter brand of shoes as well as many of the traditional quality makes of shoe.
The shop was a prize winning Hotter supplier for 2 years achieved through high sales of these quality shoes.

Many styles of shoe can be ordered if it is not in stock and deliveries are normally within 7 days.

This represents an ideal opportunity to purchase a well established Shoe shop with a good local reputation and long profitable trading history.

The sale of this business not only offers the chance to acquire an existing profitable business with a proven track record but also to buy the freehold for this wonderful property that for someone with vision could be adapted in so many different ways.
The business is situated in a beautiful town with no competition and is always in demand as we always need new shoes. The quality brands this business sells means they also have many customers who are prepared to travel to buy their products.

There is also a second opportunity to benefit from the size of the property to potentially split it back into two shops and two flats or keep the shop and split the living accommodation in two and gain an extra rental income from the property.
The sheer size of the property allows for numerous combinations and ideas.

The existing business could be expanded by working with the existing website to provide online sales at the same time the opening hours could be extended. The current range of children’s shoes is reduced from what is has been in the past and this is an area the current owners feel could be expanded. Anyone who is looking for a shoe shop or lifestyle change and requires accommodation would do well to examine this business in more detail.

The only reason for selling is that the owners wish to retire and take a well earned rest.

Location Details:

This well run and profitable shoe shop is located on the main high street in a busy part of Wincanton with ample free parking within 200 yards of the shop.

Trading Hours:

Monday to Friday 9:00 am to 5:00 pm. Saturday 9:00 am to 2:00 pm

Accommodation:

This is a truly cavernous listed building that runs from front to back over the whole site and extends over 3 floors. The sales area is on the ground floor with the living accommodation on the upper floor. There are multiple stock rooms and office areas throughout the whole property. The property originally was two separate properties and there is tremendous scope within the property to split the existing 5 double bedroom living accommodation into two separate flats. If require the shop area could quite easily be split into separate retail areas.