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.
- High Turnover
- Small Business
- Accounts Available
- Attractive Business
- Established Business
- Unique Business
- Fully Fitted