Successful Childrens And Ladies Footwear Retailer Under Offer For Sale

Business description

The business is being reluctantly offered for sale due to relocation - reduced for quick sale (originally £52,500)

This town based shop is an attractive grade II listed building in the heart of the market town of Ashbourne, it boasts a dual aspect corner position on the high street.

Now into its third year, the business has created an excellent reputation and is now extremely well-established with an outstanding local reputation and a high repeat / referral trade.

The shop specialises in supplying children with quality footwear, professionally fitted with a good choice at a competitive price (geox, lelli kelly, hush puppies, primigi, buckle my shoe, i-walk)

Recently branching out into ladies footwear offering affordable leather brands (geox, birkenstock, hush puppies, merrells)

Operating a sort after loyalty card scheme, appointment system, ordering system, school shoe initiative, with a ebay site (established in 2009) and a fully working website (see weblink below)

The business is registered towards EQM, nominated for 'best independent retailer' in footwear today, operates Facebook and Twitter pages

Property information

Property:

Leasehold

Lease terms:

3 years into a 10 year lease (opt out clauses in place for 2015)

Leasehold rent:

£12,500 per annum

Location:

Town based shop in a prime high street location in the heart of Ashbourne dual aspect on the junction of St. John's Street and The Market Place (DE61EU)

Premises details:

Grade II listed building with ground floor housing the open plan sales area (wood effect flooring with natural reclaimed shelving, wooden octagonal children's play area, corner storage and large wooden counter (stools, mirrors, mannequins all included)

First floor has a large stock room with floor to ceiling shelving a fully coded / lockable door with security alarm points. Also a kitchenette with kettle, sink, fridge, toaster etc.. and a bathroom with WC, sink, minimal changing facilities

On the second floor there is limited access with 2 exellent sized rooms, recently plastered giving extra scope for business subject to planninig (currently used as extra storage)

ADT alarm system in place, fully PAT tested, 'initial' fire extinguishers tested and security cameras / monitor (also included)

Business Operation

Expansion potential:

Adopting a modest marketing plan

for example: Amazon shop, website newsletters & e-commerce follow-up, establish a database from loyalty card system.

Expand current opening hours to catch earlier and later shoppers ie.. 9.00 - 5.30
Expand current opening hours to include Wednesday all day opening, Sunday opening and Bank Holiday opening (all successful for other retailers in the area)

Competition / Market:

No prolific competition, providing a solution for the local community (for the town and local villages), with high tourism impact and pull from further afield. Another retailer in the town has a limited range of children's shoes to supplement their main business of ladies clothes & adults footwear. Small retail outlets in Buxton, Matlock, Leek and Derby

Reasons for selling:

Business reluctantly put up for sale due to potential relocation for the owners family

Trading hours:

Monday - Saturday 9.30 - 5.00
Wednesday half day closing 9.30 - 1.00
Sunday - closed
Bank Holidays - closed

Employees:

3 (part-time / holiday cover)

Years established:

2

Other information

Support & training:

Full hand-over and training, list of trading partners. Arrangement of 'professional shoe fitting' training. Extra sale pack available to new buyer.

Inventory / Stock value:

£30,000

Website:

Please click here to view the link