Scroll To Top

ESTABLISHED CHILDREN’S FOOTWEAR RETAILER WEST SUSSEX LOCATION LOW OVERHEADS

Haywards Heath, West Sussex
Leasehold Price:
£85,000
Status
FOR SALE
Advert ID
252566
Reference
6513M / Rightbiz

This business was established in 2005 and during this time has developed an excellent reputation for offering their professional shoe fitting service and advice, which has resulted in them being a highly successful and profitable children’s footwear retailer, which comes to market as the vendors are relocating (due to family circumstances). The shop is located in an ideal location with easy access to street parking and nearby schools and nurseries. The current owner has built a very successful brand, with strong supplier relationships and a loyal customer base. The business currently sells a full range of children's shoes including school shoes, trainers, boots, sandals and wellies from a range of well-known and respected brands. Brands include Bobux, Birkenstock, Crocs, Dr Martens, Hunter, Timberland, Ricosta and Saltwater to name but a few. A range of accessories is also available.

  Premises The double fronted shop has a large retail space of approx. 421 SQFT. The stockroom measures 13’ 08’ x 26’08” and has shelving and racking throughout. To the rear of the property is a small kitchenette and toilet and access to the rear of the property. At the rear of the property is a garage and allocated parking for 2 cars. A security light has been fitted to the side of the premises leading to the garage. There is also a monitored alarm system as well as state of the art heating and air conditioning unit.

The store has been through an extensive refurbishment to create a child friendly shopping environment, and are well fitted to trade with shelving and shoe display units throughout. The vendor has confirmed that all types of trade fixtures and fittings are owned outright and nothing is on hire purchase or lease.

TENURE: The Haywards Heath premises is held on a full repairing and insuring lease at a current rental of £8,000 per annum, the lease is on an informal ‘rolling’ basis.

RATES:  We have been verbally informed that the premises benefit from small business rate relief, and rates payable are zero. Prospective occupiers should make their own enquiries to verify same.

TURNOVER: The business is currently run by the vendors with the assistance of one full time and 1 part time staff members. We are informed that the average weekly turnover is £3,350 per week. At present 14% of their turnover is generated from their e-commerce operations and there is significant scope to increase this side of the business. The business is currently producing a reconstructed net profit of circa £70,000 per annum. The current opening hours are 9:30am-5:30pm Monday to Saturday and 11am-3pm on Sundays.

GENERAL REMARKS: Excellent reputation and loyal customer base. Loyalty Card and social media database administered via Mailchimp. Active social media presence. Society of Shoe Fitters- and Children’s Foot Health Register-accredited. Secure lease. Based in a busy neighbourhood. Enormous scope to increase online business. Early Inspections, Highly Recommended.

PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings - £85,000 SAV (stock estimated at £70,000, stock value can be adjusted/reduced if required)

LEGAL FEES:  Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE: The property is rated bank E, the full report is available on request.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

 

Listing Details
Leasehold Price: £85,000
Tenure: Leasehold
Location: Haywards Heath, West Sussex
Sector: Childrenswear Businesses, Shoe Repair Businesses, Retail
Financials
Annual Turnover: £150,000
Annual Net Profit: £100,000
Key Features
  • High Turnover
  • Small Business
  • Accounts Available
  • Attractive Business
  • Established Business
  • Unique Business
  • Fully Fitted
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6513M / Rightbiz

RightBiz Premium Buyer Feature

Get quicker responses by directly contacting the seller through telephone number or email. Learn more about paid memberships →
Particulars / More Information
Listing Statistics
Impressionsi: Upgrade to view
Enquiriesi: Upgrade to view
Interestedi: Upgrade to view
Watchingi: Upgrade to view
Date Ad Submitted: Upgrade to view
Last Viewedi: Upgrade to view
Last Updatedi: Upgrade to view
Last Enquiry Received: Upgrade to view

RightBiz Premium Buyer Feature

See how much interest every advert is receiving by viewing full advert statistics. Learn more about paid memberships →
Register and contact seller.
By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.
* required fields
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
Disclaimer
The data showed regarding this advert 'ESTABLISHED CHILDREN’S FOOTWEAR RETAILER WEST SUSSEX LOCATION LOW OVERHEADS - 6513M / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller