Award Winning Children's Shoe Shop in Prime North London Location
City of London, London
- Status
FOR SALE
- Date Submitted:
29/04/22
- Advert ID
294522
- Leasehold: £45,000 (Stock at valuation)
- Rent: £14,160
- Turnover: £150,000 (£2,885 Per week)
- Net Profit: On request
Key Features
- Retirement Sale
- Nil Premium
- Company for Sale
- Fully Fitted
- Established Business
- Attractive Business
- Small Business
- Close to Local Amenities
Business Details
Award Winning Children's Shoe Shop
Award-winning children's shoe shop for sale
This children's shoe shop is located in the lovely area of North London and is brimming with great brands and styles. It was established in 2013 in the city of London, London. There is no competition in the area. It is in a tight community with public transport, bus routes and parking available nearby.
The shop is surrounded by many schools and playgroups. It is ideally located a five-minute walk off the High Street where parking is available. The shop benefits from the not-so-high High St rent prices. After nearly ten years of trading, we have to leave our beloved shop as we are moving abroad. Established in 2013, this child-friendly independent shop sells everything for little (and not so little feet).
The yearly turnover of the business is £125,000. Brexit and covid affected business as we are a children's shop isolation rules affected us, but it is on the rise again. The sale includes accommodation.
The reason behind the sale is that we are relocating abroad. The current opening hours are 9:30 Monday - Friday / 10-5:30. I and my business partner run the business and we have two part-time Saturday workers. We have a social media presence on Instagram, Facebook and our website.
We take orders on our website and we ship worldwide but many customers like coming into the store for a fitting. We are willing to offer training opportunities to the new owners. We are an award-winning children's shoe shop, well-established, with high potential in the right hands. We want to sell to the right person who can take this business to the next level. There is a lot of scope for more expansion for example introducing adult shoes.
The sale is for the leasehold of the business at £45,000 or your nearest offer. The sale includes fixtures and fittings, stock sold at valuation. We would like someone to continue with the goodwill of this business, it been well established and there is a market for this.
We are looking for a buyer interested in continuing and developing the business. There is still a market for it since it's the only shoe shop in the area. We offer a seamless handover, support, and training during the process.
Get in touch for more information.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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