Shoe Shops for sale in Kendal

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Adam Warren (Jan 2017)
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Leasehold Price: £75,000 Annual Turnover: £217,798 Gross Profit: £90,162 Annual Net Profit: £32,317
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Business Description
Ill Health Forces Sale
Annual Turnover £217,798 (Audited)
Gross Profit £90,162 (Audited)
Adjacent to Marks & Spencer's
Strong Online Presence
EPC - D
REF 5980 – Leasehold Children’s Shoe & Clothes Shop

Blacks Brokers are proud to bring to the market this leasehold children’s shoe and clothes shop located in the much sought-after area of Kendal, Cumbria.

INTRODUCTION

Dinky Shoes has been trading since 2003 and moved to this location in 2013 due to expansion. The business offers a range of high quality children’s shoes, clothing and accessories and has gained a large base of repeat customers. It has become very much a part of the local community in the lovely area of Kendal.

LOCATION

The business enjoys a superb trading position at the heart of Kendal in a retail area. The central point is a car park with parking for hundreds of cars, around the edges are retail units, the biggest being a M&S, supported by eateries, café’s and independent shops like Dinky Shoes. This location brings strong year-round custom and a good local community.

REASON FOR SALE

Dinky Shoes is only being offered for sale due to our client’s family commitments.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 6 years with rent reviews every 3 years. The current lease began in 2013 at a cost of £240 per week.

BUILDING LAYOUT AND DESIGN

The business is housed within a superbly presented, mid-terraced retail unit. The shop is extremely well branded with striking signage on display and fully glazed frontage. Inside, the business is housed within the ground floor. This is an attractive retail space with products displayed on wall mounted shelving as well as free standing units. The servery counter is well positioned with curved reception desk and the entire shop is decorated in neutral tones with modern lighting and carpeted flooring throughout. The lower ground floor is used for storage and also houses a private office and staff toilet. To the rear of the building is one allocated parking space (this costs £115 per quarter if used).
All areas are presented to a high standard with good quality fixtures and fittings in place.

STAFF

Dinky Shoes is currently operating with two part-time members of staff in addition to our client – this is raised to three part-time staff during holidays and busy periods.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Dinky Shoes has traded solidly over its trading history. The business generates an annual turnover of £217,798 with gross profits of £90,162.

SUMMARY

This leasehold business is positioned in an exceptional trading position and has a large base of regular, repeat customers. The business is well-known in the area and offers a wealth of shoe fitting knowledge. There is plenty of scope to develop the business further with the introduction of ladies’ fashion and accessories. 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:
Shelving Racks

Reception Desk

Measuring Scales

Display Units
Trading Hours:
MON - SAT: 09:00 - 17:30
SUN: CLOSED

Tenure: Leasehold

Location Details: Kendal

Leasehold Term: Rent: £240 Per Week

Downloadable Documents

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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5980
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