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#Business ID: 16097

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An established popular ladies and gents shoe shop

Business Location: Lancashire, England

Asking Price: £ 20,000 Revenue: £ 160,000 Cash Flow: not disclosed

Business Summary

Asking Price £ 20,000
Asking price includes:

Excellent reputation for quality and service
Anticipated turnover of £160,000
Deceptively spacious well presented retail area
Currently run under management
Ideal for enthusiastic new owner operators

Turner Butler are pleased to announce for sale this impressive established ladies and gents high quality shoe shop which boasts an ideal trading position within a high profile department store. Located to the first floor of this property, this business makes the most of high footfall which is generated from the other complimentary businesses that operate within this building.

This popular shop does have a sister shop located in Lytham that is being retained by the owners, however due to the location it is not in competition for customers. The owners have made the decision to sell this particular business and concentrate on the sister shop and another completely separate business interest.

We are advised that the annual turnover for this current trading year is anticipated to be in the region of £160,000. The owners oversee the running of the shop, however on a day to day basis there is a team of staff who work within the shop. New owners may wish to have a more hands on approach to the running of the business, which will undoubtedly help sales and profits to grow further.

Property Details

Property Type:

Lease

Other Business Details

Premise Details:

The current lease expires on the 31st January 2014 however we are advised that the landlord would be willing to offer a new lease to new owners at terms to be negotiated. The owners are happy in the short term for new owners to use the current trading name of the business but would hope that in the longer term the shop would be re-branded. The annual rent for the premises is £14,000.

Expansion Potential:

Previous years have shown sales in the region of £200,000, the owners see no reason why more hands on owners should not be able to achieve this level of sales once more.

Business Operation Details

Employees:

Several ladies are employed on a part time basis, with their hours arranged to cover the busier times of the day.

Trading Hours:

Monday to Saturday: 9.30am to 5.00pm Closed on a Sunday These are the opening hours for the department store in which it is located.

Miscellaneous Details

Reason For Selling:

The owners have other business interests and a second shop in a different part of the country.

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