Leasehold Shoe Shop For Sale

Business description

Bag a Business Ltd is pleased to offer to the market this thriving shoe shop, which was established in the 1960s and has been under the proud ownership of our clients since December 2005 and is only now being placed onto the market due to ill health. The business achieves an excellent turnover in the region of £165,000 per year and enjoys an average gross profit margin of around 50%. This is derived from an extensive range of ladie's, men's and children's shoes including labels such as Clarkes, Hush Puppies, Merril and Padders. Pidgeons of Eastcote enjoys an excellent local reputation for its friendly service offered by knowledgeable staff as well as its mobile service that visits care homes etc. We feel that this opportunity represents an ideal base for a new owner to build upon, perhaps by extending opening hours or opening on a Sunday. Early viewing of this exciting opportunity is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Original: 15 years
Remaining: 15 years
Review: 5 years
Rent: £16,500 per annum

Living accommodation:

PROPERTY DETAILS Well presented two storey premises. Briefly comprising: GROUND FLOOR Main sales area with displays of ladie's and children's shoes. Customer seating area Store area LOWER GROUND FLOOR Men's sales area with displays of shoes to wall Storeroom with wooden shelving Toilet Staff Room

Location:

Pidgeons of Eastcote is situated in a parade of complementary shops and businesses on a busy main shopping street close to the underground in this sought after part of north London. There is ample on and off street parking close by. The business draws its trade from the densely populated surrounding area. Eastcote is in the London Borough of Hillingdon. The 2001 UK census gave the population of the Eastcote and South Ruislip Ward as 11,480. It enjoys excellent links being near the A40 and M25 motorway.

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