Shoe Repairs Sales & Key Cutting Business Surrey For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving and highly regarded shoe retailer, repair and key cutting business. The current owner has been trading at these premises since 1978 and there has been a shoe shop here since 1936, when the building was first built. The business attracts customers from all over the London area, due to the fact that they specialise in wide fitting shoes. The shop has built up an enviable reputation for shoe repairs and key cutting, with many regular repeat customers. The business also has a self-contained flat, which is let out on a shorthold tenancy agreement and generates £740.00 per calendar month income. Currently the business is run at a pace to suit our client and has an annual turnover of £45,000 with a gross profit of 60%. There remains infinite scope to develop turnover further. Currently the shop stocks the well-known brands Loake, Padders, Startrite and DB Easy B'S. Our client is only now placing the business on the market due to his wish to retire. To the rear of the property there is garden area, which has excellent access and, with planning permission, could be utilised to extend the premises, as other businesses in the parade have done. We are advised our client is willing to sell the premises as an empty unit, which would suit a wide variety of uses. This is a unique opportunity to purchase such a thriving and well-established business. Early discussions with Preferred Commercial must come highly recommended.

Property information

Property:

Freehold

Living accommodation:

1 bedroom flat, accessed by a separate entrance, comprising • Lounge • Kitchen • Double bedroom • Separate toilet • Bathroom Currently rented out on a shorthold tenancy agreement - renewal august 2009 - rent £740.00 per calendar month inclusive of water and electricity

Location:

D Jones Your Shoeman is located in a prominent and highly desirable trading position on West Barnes Lane, within the Motspur Park area of New Malden, Surrey. The business benefits from being within a busy parade of shops and complementary businesses, which attract a high daily footfall. It is within easy walking distance of Motspur Park train station, which has direct lines to Waterloo and Epsom. The main A3 is less than a mile away and Wimbledon less than 2 miles away. Motspur Park is a densely populated area with good access to many areas of London.

Premises details:

Mid parade retail premises, briefly comprising:

Ground Floor
• Open-plan sales area with racking and displays to the walls and centre isle. Counter with further display and cash register
• Rear room with 2 x key cutting machines, finishing machine, sole press and nibbler machine

First Floor
1 bedroom flat, accessed by a separate entrance, comprising
• Lounge
• Kitchen
• Double bedroom
• Separate toilet
• Bathroom
Currently rented out on a shorthold tenancy agreement - renewal august 2009 - rent £740.00 per calendar month inclusive of water and electricity
External
• W/C
• Rear garden leading to car port and store - separate access by side road
• Further store room

Other information

Trading hours:

Mon 9.00am - 5.30pm
Tue 9.00am - 5.30pm
Wed Closed
Thur 9.00am - 5.30pm
Fri 9.00am - 5.30pm
Sat 9.00am - 5.30pm
Sun Closed