Shoe Repairs for sale in London

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Shoe Repair & Key Cutting Shop - Fitzrovia

London, England

  • Leasehold Price: £150,000
  • Annual Turnover: £70,770
  • Annual Gross Profit: £61,870
Seller Reference: 7031
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Business Description
 
 
 
 
 
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Seller Reference: 7031
Request Details
Business Description
Enviable Central London Trading Location
Accounts Available Year End 31st March 2019
Annual Turnover £70,770
Gross Profit £61,870
Accounts Available After Viewing
Close To Great Portland Street Station
Owner Operated - No Staff
Fully Equipped and Well Presented
Scope To Open Weekends/Longer Hours
Potential To Introduce New Services
Established By Owner In 2004
Excellent Reputation In Local Area
Comprehensive Website In Place
Superb Online Reviews
Newly Refurbished
EPC – C
REF 7031 – Leasehold Shoe Repair & Key Cutting Shop

Blacks Brokers are pleased to bring to the market this leasehold shoe repair and key cutting shop located in Fitzrovia, London.

INTRODUCTION

Brodie's was established by our client in this affluent area of Fitzrovia in 2004. The business offers a range of services including repair of shoes, bags & leather goods, key cutting, engraving, watch repairs, knife sharpening and much more. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Brodie's has a comprehensive website in place.

LOCATION

Brodie's occupies a side road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as The Holiday Inn and Tesco. There are also a number of stations nearby including Warren Street, Regents Park, Great Portland Street and Euston Square as well as an exclusive development of apartments directly opposite. The business is right in the middle of Oxford Street, Great Portland Street, Euston Road and Tottenham Court Road which are four of the major road within the centre of London. The area is well linked by the A501 with very strong public transport links and two hour parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a twenty year lease which began in 2008 at a cost of £404 per week.

STAFF

The business operates with our client only in employment.

FINANCIAL DETAILS

Brodie's has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2019 show the business has an annual turnover of £70,770 with gross profits of £61,870. Full financial information is available upon request.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well known and long established business occupies an enviable trading position in a bustling area of London. Our client has secured a strong customer base including some celebrity custom and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours including weekends, possibly a collection and drop off service where appropriate. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
All Key Cutting Equipment

Sewing Machine

Shoe Repair Equipment

Watch Repair Equipment
Trading hours:
Mon - Fri - 8.30am - 6pm
Sat & Sun - Closed
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Brodie's operates from the ground floor of a spacious mid terraced property on a busy road. The building has been newly refurbished inside and outside. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with workshop to the rear of this. There is a lower ground floor which has a toilet, kitchenette, sink, small office area and stockroom along with a gym area which could be used as a staff room if required. The business is fully secured with roller shutters to the front along with a fully functional camera system and security bars to the rear which looks on to the newly refurbished mews and offices behind.

Location Details:
London
Leasehold Term:
£404 Per Week
Listed by:
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