Profitable Freehold g Trading History - FREEHOLD For Sale

Business description

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.

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.

Property information

Property:

Freehold

Living accommodation:

Full details are available in main sales details.

Location:

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.
Wincanton is a busy attractive Somerset town just minutes from the A303, the main London to Penzance trunk road which is a major link to the south west and London. The town was once an important coaching stop. Much of Wincanton was destroyed by fire in the mid 18th century, but was later elegantly rebuilt by the cloth makers, who were then the main industry. Many of these Georgian houses may still be seen today as may the coaching inns.
Wincanton is well placed for exploring Somerset and the neighboring counties of Devon, Dorset and Wiltshire. There are several nice villages in the area, such as Templecombe, which has a mainline railway station to London – Waterloo.

Premises details:

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.
Full details of the premises are included in the sales details.

Other information

Expansion potential:

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.

Competition / Market:

Wincanton has a wide variety of shops but there are no other shoe shops.

Support & training:

Full support will be given to ensure a seamles handover.

Reasons for selling:

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

Trading hours:

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

Financing available:

This business should be able to support loan finance, subject to status. For further information, please contact Lakey & Co West.

Inventory / Stock value:

£90,000

Related documents:

• 
• SS614A Confidentiality Agreement