| (REF: SE001484) Two Childs Shoe Shops - Sought After Areas Of E And W Sussex |
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| Seller Reference: |
SE001484 |
| B4S Reference: |
28470 |
| Asking Price: |
£70,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£200,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, West Sussex, United Kingdom |
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A WELL ESTABLISHED CHILDREN'S FOOTWEAR RETAILER WITH TWO SHOPS IN GOOD TRADING LOCATIONS, ONE IN SOUGHT-AFTER VILLAGE NEAR HAYWARDS HEATH IN WEST SUSSEX AND THE OTHER IN A SOUGHT-AFTER INLAND TOWN IN EAST SUSSEX
LOCATION
This children's footwear and accessories retail business has two shops; one is located a picturesque busy village in West Sussex and the other in a highly-sought after inland town in East Sussex. Both locations are considered ideal for this type of independent retailer, as each location is considered both upmarket and sought-after, and draws on a generally affluent local population.
The business has been trading for almost four years and specialises in quality brands, for boys and girls, for school, ballet, tap, weddings/bridesmaids, christenings, walking, sports running/training and fashion.
THE SHOP UNITS
The village shop is located just off the main High Street. The interior is mainly set up as retail space, plus a stock room, kitchen area, WC facilities and a large loft storage area.
The town shop, is on the main High Street, and is again mainly set up as retail space, with kitchen and WC facilities, together with a very large basement comprising stock rooms and an office area.
Both shops have attractive frontages and are well fitted and equipped for trade and both are in our opinion attractively decorated and presented.
TENURE
The village shop has been owned personally by the two owners of the footwear business for the past 4 years. They are happy to negotiate a new lease for these premises. The current Business Rates for this site are about £2,000 per annum.
We understand that the current lease for the town shop, which opened nearly 2 years ago, still has approximately 3years to run and is fully renewable. Rent is approximately £20,900pa, together with a small annual Service Charge and the current Business Rates are about £5,000 per annum.
THE BUSINESS
This children's footwear specialist is dedicated to providing a professional shoe fitting service for boys and girls, from baby size 2 to adult size 8 in up to 6 different width fittings. One of the owners works full-time for the business, which also employs a total of 13 part-time staff doing a variety of shifts.
The business stocks a wide range of quality brands including Start-Rite, Merrell, Hush Puppies, Kickers, Ricosta, Geox, Crocs, Hunter, Daisy Roots, Kidorable, Birkenstock, as well as Emu Wellie Boots and Little Toes.
The shops, which are open 6 days a week, hold a large stock that changes according to seasonal demands and we understand that the business, which is profitable, has a turnover of approximately £200,000pa.
The business also has an eBay shop and website; although at present customers cannot buy directly from the website - leaving a great unexploited opportunity for the new owner and through the loyalty scheme the owners now hold a database of over 2,500 customers, providing a ready database of customers that can be used for marketing purposes.
The sale includes all fixtures and fittings, which comprise stock racking, shelving, furniture, feet measuring stools and related equipment, cupboards and tills, and in our opinion the purchase of this business is either ideal as part of the expansion of an existing business or for somebody interested in moving into this area of retail.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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