Successful Shoe Retailer In Loftus Redcar And Cleveland For Sale

Business description

We are delighted to offer for sale this busy shoe retailer, which was established in the 1960s and has been in our client's careful hands since 2007. The shop is only now offered to the market due to our client's ill health. The business trades 6 days a week, generating a turnover in the region of £120,000 per annum with a gross profit of 40%, derived from an extensive range of quality shoes, slippers, socks and a selection of accessories. There is a website in place with online ordering facilities and our client also runs an internet based 'eBay shop'. We feel the turnover could be further increased by perhaps extending the range of products available. The premises boast a spacious sales area and a large cellar currently used for storage. There is the potential to convert the first and second floors into spacious 1-bedroom owners' accommodation with lounge, kitchen and bathroom. The sales area could be extended into the rear yard or there is the opportunity to convert the cellar into a further sales area, subject to planning permissions being granted. This is an ideal opportunity to acquire a well-established shoe retailer with an excellent reputation in a prime trading position. Early negotiations with us must come highly recommended.

Property information

Property:

Freehold

Location:

The Shoe Box occupies Victorian 3-storey mid-parade premises, ideally located in the town of Loftus, Redcar and Cleveland. The business enjoys a prominent trading position in a sought after area on the main road running through the town. The shop is surrounded by a wealth of amenities and numerous residential properties, from which it draws much trade. The business has excellent road links, due to its location on the A174 and there are regular buses serving the area. Loftus is a rural town, just a mile from the North Sea Coast and 2 miles from the North York Moors National Park. The town enjoys views of picturesque countryside and is a desirable place in which to live and work. Whitby lies approximately 12 miles away, while Middlesbrough is 18 miles to the west. Darlington lies approximately 30 miles to the west and the A1(M) is 33 miles away.

Premises details:

Substantial 3-storey Victorian mid-parade retail premises. Briefly comprising:

Ground Floor
• Spacious open plan sales area with shelving, display units, accessory baskets, counter and electronic cash register

First Floor
• Kitchen
• Store room/Lounge

Second Floor
• Bathroom
• Store room/Bedroom

Cellar
• Spacious room used for storage

External
• Large yard to rear

Other information

Trading hours:

Mon - Sat: 9:00am to 5:00pm
Sun: Closed