Business for sale in United Kingdom – Lancashire – County of Lancashire – Ab219-an established popular ladies and gents shoe shop located in a pretty bustling lancashire

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Business for sale in United Kingdom - Ab219-an established popular ladies and gents shoe shop located in a pretty bustling lancashire

Asking Price: 20,000 £ Real Estate: Lease
Sales Revenue: 160,000 £
Net Profit: 1 £
Year Established: 2000
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Lancashire/Lancashire

Business types:

Retail

Business categories:

Shoe Stores

Business description

turner butler are pleased to announce for sale this impressive established ladies and gents high quality shoe shop which boasts an ideal trading position within a high profile department store. Located to the first floor of this property, this business makes the most of high footfall which is generated from the other complimentary businesses that operate within this building. This popular shop does have a sister shop located in lytham that is being retained by the owners, however due to the location it is not in competition for customers. The owners have made the decision to sell this particular business and concentrate on the sister shop and another completely separate business interest. We are advised that the annual turnover for this current trading year is anticipated to be in the region of £160,000. The owners oversee the running of the shop, however on a day to day basis there is a team of staff who work within the shop. New owners may wish to have a more hands on approach to the running of the business, which will undoubtedly help sales and profits to grow further.

Additional information

Additional information: Not Disclosed
Support & training: Not Disclosed
Reasons for selling: The owners have other business interests and a second shop in a different part of the country.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The current lease expires on the 31st January 2014 however we are advised that the landlord would be willing to offer a new lease to new owners at terms to be negotiated. The owners are happy in the short term for new owners to use the current trading name of the business but would hope that in the longer term the shop would be re-branded. The annual rent for the premises is £14,000.
Location: Not Disclosed

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