Stock included in the sale.
CoGoGo are delighted to offer to the market Prestige Shoe Repairs & Key Cutting, established in the 1950’s and owned by our client since 2013. Offered now for sale due to other business interests of our client.
Our client has invested over £25,000 into the business and purchased new equipment, re-modelled the shop, new electrics, added new signage and advertising posters to the front.
The business offers a full key cutting service, shoe and boot repairs, handbag and small luggage repairs, watch batteries/new straps and repairs, engraving and knife sharpening. There is also a small range of luggage, key accessories, batteries and shoe cleaning products. Prestige Shoe Repairs & Key Cutting further specialise in watch batteries/straps, watch/clock repairs and jewellery repairs. The business has a close relationship with a specialised jewellery and watch repairer who would be happy to continue his relationship with the new owner for any help they may need.
The business boasts a loyal customer base and the owner has built up an excellent relationship with local businesses and landlords. Prestige Shoe Repairs & Key Cutting have contracts with estate agents and dry cleaners for regular large orders of keys and shoe repairs.
Current repairs on shoes and handbags requiring stitching work is carried out on a traditional Singer sewing machine.
The business is set in a prime trading location on a busy High Street. Set amongst several car parks. There is a pay and display car park directly opposite the shop and also a '2 hour free' car park next to the row of shops on which the shop is located.
Full handover period offered.
Financial Profile
2016 accounts show a turnover of £52,000, with a gross of 85%.