Retail Shoe Shop For Sale

Business description

Long established footwear and luggage shop located in leasehold premises in pretty devon seaside town. The shop's position is particularly good being located on a prominent corner of the two main streets in the town. The business has a good reliable turnover of over £150,000 p. and produces an excellent net profit with the potential to develop the business outside its traditional lines.

The business has been trading for over 40 years and has long been affiliated with the town and its people. It has been run efficiently achieving an excellent gross margin of some 50%.

The opportunity exists to expand the range and develop on-line sales.

It trades 7 days a week and has 2 full time staff. It is currently run by a mother and son team seeking to retire.

We are advised that the lease has 5 years to run with an option to extend and the rent is £13,000 pa.

The business currently holds about £25.000 worth of stock

This is an excellent opportunity to acquire a successful leasehold business or to change the use of the premises and maximise its excellent position. By separate negotiation, there may also be an opportunity to increase the floor area.

Property information

Property:

Leasehold

Lease terms:

We are advised taht the property is held on a 5 year lease with an option to extend for a further 5 years.
The rent is currently £13k pa.

Other information

Reasons for selling:

Retirement

Trading hours:

7 days per week

Inventory / Stock value:

£25,000

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