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Independent Shoe Shop Pembrokeshire With Rental Income For Sale

Pembroke Dock, Pembrokeshire
Asking Price:
£185,000
Turnover:
£239,296
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market this longstanding shoe shop which has been around for many years and is now family run and has been for the last 16 years. The owners now looking towards a well-earned retirement.

Parry Shoes is very well known throughout Pembrokeshire and beyond. The store is fully independent which specialises in selling Clarks and other quality shoes to both adults and children. It is also the only shoe shop in the Pembroke dock/Pembroke area.

The business is surprisingly large and set over 2 floors, together with 2 very spacious 2 bedroom flats on the first floor, both completely self-contained and substantial. Each renting out for £425 per month, so offering a very useful income stream.

In recent years the owners have stepped away from the business and employed a full-time manager; however, with new owners looking to run the shop and offer fresh impetus, there is much room for modernisation and improvement; with more concentration on online sales and longer opening hours. The business website is useful filled with ample information; this can be found at ---.----------.--.--.

Location
Parry Shoes occupies an ideal central location, just off the main high street in the centre of Pembroke Dock with all the main shops being within easy walking distance.

Pembroke Dock is a town in Pembrokeshire, South West Wales, lying north of Pembroke on the banks of the River Cleddau. Originally a small fishing village known as Paterchurch, the town was greatly expanded from 1814 onwards following the construction of a Royal Naval Dockyard. It is the third largest town in Pembrokeshire after Haverfordwest and Milford Haven.

Pembroke Dock is served by the A477 trunk road which runs from St. Clears through Pembroke Dock and over the Daugleddau estuary via the Cleddau Bridge to Haverfordwest. It has a ferry terminal from which ferries sail twice-daily to Rosslare in Ireland.

Premises
Parry Shoes occupies an ideal central location, just off the main high street in the centre of Pembroke Dock with all the main shops being within easy walking distance.

Pembroke Dock is a town in Pembrokeshire, South West Wales, lying north of Pembroke on the banks of the River Cleddau. Originally a small fishing village known as Paterchurch, the town was greatly expanded from 1814 onwards following the construction of a Royal Naval Dockyard. It is the third largest town in Pembrokeshire after Haverfordwest and Milford Haven.

Pembroke Dock is served by the A477 trunk road which runs from St. Clears through Pembroke Dock and over the Daugleddau estuary via the Cleddau Bridge to Haverfordwest. It has a ferry terminal from which ferries sail twice-daily to Rosslare in Ireland.

Tenure
We are advised that the business is being sold as a Freehold opportunity.

Hours
Monday – Saturday: 9.30 a.m. to 5.00 p.m.
Sunday: closed

Staff
The business is currently run by 5 staff, 1 full time manager and 4 part time staff.

Financial Profile
The accounting information shows a turnover of circa £239,000 for the year ending 2016 with a gross profit of 43%.

We feel that this could be improved with a new fresh impetus to the business.

According to the VOA website the current rateable value is £6,000; however, the owners inform me that they benefit from small business rate relief.

Property information

Property:

Freehold

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