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Canterbury - Children's Shoe Shop For Sale

Canterbury, Kent
Asking Price:
£86,000 Furniture / Fixtures included
Turnover:
£142,000
Net Profit:
Available on request

City Centre Location
Annual Turnover £142,000
Huge Brand Names
Scope to Increase Online Presence
Established Since 2011
EPC - G

REF 5604 – Leasehold Children’s Shoe Shop

Blacks Brokers are proud to bring to the market this leasehold children’s shoe shop located in the much sought after area of Canterbury, Kent.

INTRODUCTION

The Elves and The Shoemaker has been trading from Burgate in Canterbury since 2011, however, the business was trading from 2009 at another premises. Over that time, it has firmly established itself within the local community, gaining a large and loyal customer base and a superb reputation. The shop stocks and professionally fits a huge range of high quality children’s shoes.

LOCATION

Burgate is a popular and much sought after area of Canterbury. It is hugely popular with tourists and visitors all year round. The business is placed centrally in the main shopping area of the city, and lies close to Canterbury Cathedral, this trading location brings much passing trade and many regular shoppers and visitors. There are many local car parks within a few minutes’ walk of the shop.

REASON FOR SALE

The business is only being offered for sale due to our client’s other business interests.

LEASE

The Elves & The Shoemaker is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a 5 years and started in March of 2017 at a cost of £17,000 per annum.

BUILDING LAYOUT AND DESIGN

The business is housed within a large, well presented, double fronted retail unit on a busy parade of other shops and businesses. The shop frontage is brightly coloured and stands out from the crowd with superb branding and signage on display.
Inside, the large, well-lit retail area is beautifully presented, with wooden flooring throughout and the huge range of stock is displayed on wall shelving. Comfortable seating is available for shoe fitting with toys and other distractions in place to keep the little customers interested. The first floor is currently used for storage.
All areas are presented to a high standard, fixtures and fittings are of an excellent quality and a full inventory is available on request.

STAFF

The business is currently operating with our client on a full time basis and 3 additional members of part time staff. One of which works 2-3 days per week and two work on Saturday only.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an impressive annual turnover of £142,000 with strong gross profits consistently. Many customers are from the local area as one would expect with much passing trade as mentioned above.

SUMMARY

This leasehold business offers an exciting opportunity for a new owner to enjoy the exceptional reputation and large customer base already established. Our client has good relationships with suppliers all over the world and provides quality shoes at competitive prices. There is plenty of scope to develop the business further with a strong marketing drive and a stronger online presence. The business sale includes a comprehensive website, and the business could benefit from a stronger social media presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised as early interest and completion is much anticipated.

Property information

Property:

Leasehold

Business Operation

Trading hours:

MON: 09:30 - 17:00
TUE: 09:30 - 17:00
WED: 09:30 - 17:00
THU: 09:30 - 17:00
FRI: 09:30 - 17:00
SAT: 09:30 - 17:00
SUN: CLOSED

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