Well Presented Retail Shoe Shop Birmingham For Sale

Business description

Located on the main road through a very busy shopping area, T/O £3,000pw at 50% GP. Two storey, well equipped lock-up shop with 400sq ft of retail space. Rent £22,500pa rates £6,500pa. PRICE REDUCED.

Property information

Property:

Leasehold

Location:

LOCATION:
The business is situated on a busy main road through a very popular shopping suburb of South Birmingham. It attracts a good footfall due to the presence of many well known high street multiples such as Boots, W H Smith, Peacocks, Bon Marche and Halfords along with the usual banks, building societies, cafes and public houses. There is limited parking on the main road but there are ample shoppers' car parks available and the road is a main bus route.

BUSINESS:
This trades as a retail shoe-shop which offers a good value range of ladies, gents and children's shoes and trainers. An excellent range of branded trainers from Nike, Adidas and Reebok are stocked along with Timberland and Wrangler footwear and EchoRed children's trainers. A small range of casual/sports clothing from Nike and Adidas etc is also stocked. The business was started three years ago by the vendor who now wishes to devote his time to his other business interests. He is also happy to negotiate on the level of stock to be purchased on transfer of the business.

BUSINESS PREMISES:
These consist of a two storey lock-up unit with glazed frontage and entrance door to the left which leads to the front sales area which measures 28ft 5ins x 10ft 7ins (300sq ft), has a laminate wooden floor, suspended ceiling with inset lighting, slat wall fittings with glass display shelving, counter, till and PDQ.

Two steps lead up to the rear sales display area which measores12ft 10jns x 7ft 6ins (97sq ft), has similar display fittings to the front sales area but has a carpeted floor. Off this area is a small understairs cupboard and a doorway at the rear leads to a lobby where there is an exit door to the rear of the premises, stairs to the upper floor and a door to a kitchen measuring 8ft 10ins x 9ft 1ins (80sq ft) which is carpeted, has a stainless steel sink unit with hot water heater over, various shelving and a separate wc with handwash sink. There is also another exit door to the rear of the premises where there is a covered yard area. On the upper floor there are two storerooms. A large one measures 32ft x 10ft 8ins (340sq ft) and has carpet tiled floor, storage shelving along both walls and central storage racking. The smaller storeroom measures11ft 1in x 9ft 4ins (103sq ft) and again has carpet tiled floor and wall mounted storage shelving.

(all sizes are approximate and should be considered 'nominal'.)
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

TENURE:
We are advised that the premises are leasehold with a rent of £22,500 per annum. There are seven years remaining of a ten year lease with a break clause in two years time.

RATES:
We are advised that the rates are £6,500 per annum.

SERVICES:
We understand from the vendor that all main services are connected to the property.
TRADE:
We are advised that the business turns over around £3,000 per week at a gross margin of 50% which leads to good net profits for working owners.

HOURS:
Monday to Saturday 9.00am to 5.30pm

STAFF:
The business is run by two members of staff with an advised yearly wage bill of around £10,000.

STOCK:
The vendor informs us that the value of the stock is approximately £45,000