Commercial property for sale in Cleveland Street, London W1T

£69,995
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Commercial property for sale
Tenure: Not available Council tax band: Not available

Property description

Ref 7031 – Leasehold Shoe Repair & Key Cutting Shop
Blacks Brokers are pleased to bring to the market this leasehold shoe repair and key cutting shop located in Fitzrovia, London.


Introduction


Brodie's was established by our client in this affluent area of Fitzrovia in 2004. The business offers a range of services including repair of shoes, bags & leather goods, key cutting, engraving, watch repairs, knife sharpening and much more. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Brodie's has a comprehensive website in place.


Location


Brodie's occupies a side road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as The Holiday Inn and Tesco. There are also a number of stations nearby including Warren Street, Regents Park, Great Portland Street and Euston Square as well as an exclusive development of apartments directly opposite. The business is right in the middle of Oxford Street, Great Portland Street, Euston Road and Tottenham Court Road which are four of the major road within the centre of London. The area is well linked by the A501 with very strong public transport links and two hour parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a twenty year lease which began in 2008 at a cost of £404 per week.


Staff


The business operates with our client only in employment.


Financial details


Brodie's has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2021 show the business has an annual turnover of £63,437 with Net profits of £37,492. Full financial information is available upon request.


Business rates


Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This well known and long established business occupies an enviable trading position in a bustling area of London. Our client has secured a strong customer base including some celebrity custom and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours including weekends, possibly a collection and drop off service where appropriate. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £69,995.

Please quote ref: 7031

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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