Shoe Shop Established 19 Years For Sale

Business description

Advent Business Sales are pleased to have been instructed to offer to the market this exceptionally well established footwear shop, which has been trading at its present location for over 19 years.

The vendor has reluctantly decided to sell as he is now approaching retirement. He is however, willing to remain within the business for a short period of time to ensure a smooth transfer to a new owner.

Our client offers mainly ladies shoes and specialises in wide fittings. It does also offer men’s shoes but these account for only 2% of sales. The business also offers handbags, slippers, insides, shoe horns and shoe polish.

ref:8450LU

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 25 years
Remaining lease: 1.5 years
Review every: 5 years
Rent: £7,740 per annum

We are advised that the annual business rates are currently: £1820

Living accommodation:

BUSINESS PREMISES The ground floor lock up premises have an attractive corner position within a small arcade and benefits from having a direct frontage on 2 sides for display purposes. Ground Floor - Central entrance door above which is a hot/cold blow unit - Footwear is displayed around the external walls as well as within the window areas - Chairs are placed around the shop for customers trying on footwear - Good quality carpet is fitted throughout

Location:

Our clients are located in a small select arcade accessed directly from the high street of a very affluent market town in Bedfordshire.
The immediate area is surrounded by a large number of mostly small complimentary businesses, who all help to draw in high levels of footfall.
There is a large pay and display car park within 20 yards of the shop and off street parking around the nearby residential areas.
The town itself is sandwiched by the A5 and the M1 with the A6 nearby. Tthese road links give access to Luton, Hemel Hempsted, Leighton Buzzard, Hitchin and Milton Keynes.

Other information

Expansion potential:

The business has very good expansion prospects by fully utilising its extensive database of existing customers, which carries full details of all purchases made.

The business does very little advertising and currently relies on word of mouth and its excellent local reputation.

Children’s’ shoes are not at present stocked and a new owner may wish to pursue this avenue in the future.

Overall this is a very good opportunity to purchase a profitable existing business with an excellent track record and a good solid future.

Early viewing is highly recommended.

Trading hours:

Mon – Sat: 9.00am – 5.00pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

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• Document

Contact the seller