Shoe And Accessory Shop In Suffolk For Sale

Business description

Turnover approximately £2,000 pw, gross profit 52%, excellent profit. 2 bedroom accommodation with a rental income of £5,400 pa. EXCELLENT OPPORTUNITY VIEWING HIGHLY RECOMMENDED.

Property information

Property:

Leasehold

Location:

LOCATION
This business is located in the Suffolk town of Leiston. Leiston is approximately 25 miles north of Ipswich, and 25 miles south of Lowestoft off the main A12 trunk road. Leiston is a progressive town with a range of new commercial and residential developments. The town offers a thriving shopping area with a range of good amenities and entertainments. This business is an unopposed business being the only shoe shop in the town. It is our opinion that this location offers an outstanding opportunity.

BUSINESS PREMISES
The business premises consists of a retail shop with a customer area of 8.68m x 5.18m. To the rear of the premises there is large store room measuring 9.47m x 4.34m. In addition there is a staff rest room and office. Included in the sale will be a range of fixtures and fitting.

BUSINESS
The business trades as a traditional shoe shop with a range of other accessories to include handbags, purses, belts, socks, etc. The business caters for a range
of ladies and gentleman's shoes in all sizes and ranges. In addition there is a range of children's school shoes, trainers and other leisure footwear. The present owners have recently experimented with a range of designer brand names in footwear with a good degree of success. This business is an unopposed business in the local town and has been established in excess of 10 years. We are informed that the shop was a former Freeman Hardy and Willis shop shop with an excellent reputation. We are informed that the current stock value is approximately £30,000.

HOURS
Monday - Saturday
9am - 5pm
Wednesday is half day closing at 1pm.

STAFF
The business is currently operated by 2 owners with the assistance of 2 part time staff members.

RENT and LEASE
The rent is £10,000 pa to include the accommodation. Please note however that the present owners sublet the accommodation at £450.00 pcm. We are informed that the rates are currently £633.00 pa, however any potential purchaser should contact the local authority to establish the exact rateable value and charges.
We are informed that a new lease has recently been negotiated due to expire March 2015. We are further informed that rent reviews are every 3 years.

PRIVATE ACCOMMODATION
The private accommodation consists of 2 bedrooms with a lounge, kitchen, dining room and bathroom.