Profitable Shoe Repairs, Key Cutting, Shoes Plus Some Leather Goods Sales For Sale

Business description

Spacious single fronted Sales Shop approx. 15' x 10' with rear work area approx. 15' x 8' plus storeroom. The shop is fully equipped including counter, electronic cash register, 4 key cutting machines, shoe repair unit etc.

Large basement with staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease having approx. 3 years unexpired at a rental of £11,000 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: £2,500 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation situated on the first and second floor is at present let and provides a rental income of £950 per month. We understand the accommodation comprises: 3 Bed Sitting Roooms Plus bathroom, bath, w.c. and wash hand basin Kitchen

Location:

Situated in a parade of shops, excellent trading position, LONDON SE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £650/£800 p.w. in our opinion offering tremendous potential for further increase, especially with the possibility of introducing Dry Cleaning, as the business occupies an excellent trading position.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 10 a.m. - 6 p.m.
With the exception of Wednesday when the business only opens from 10 a.m. - 1 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.