Retail premises for sale in North London, London N1

Retail premises for sale
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Property description

Business for sale:

We are delighted to offer this Adult and Children shoe shop located in this affluent N1 Location. This family business was opened in 1958 and still has generations of families visiting for their shoe requirements. This business is being offered to the market for the first time in 62 years and has an outstanding reputation for product and service, but still has great growth potential. The premises are positioned in the heartbeat of Islington surrounded by a variety of independent retailers and having access to the main road and rail links into London West End. The business offers an excellent range of Adult and Childrens shoes and has little or no competition in its vicinity. This is a rare opportunity to acquire this thriving business that has excelled. The premises are planned over one floor and benefits from a double fronted window display with central glass door and hanging displays. The main shop area is an excellent size with a range of fitted shelving to both sides allowing the owners to display their shoe ranges. The shop area is well lit and heated by Dimplex wall mounted heaters. The floor is a modern wooden laminate and has space for a central sofa where customers can try on their shoes. To the rear of the shop, you have a serving counter and tills with a walkthrough to the rear of the shop.

The rear of the shop is used as a stock room has an abundance of shelving which is ideal for storing the stock shoes. It also has a sink and a door leading to the wash hand basin and WC.ent growth prospects and is still to explore online opportunities.

The business is located in undoubtedly the heartbeat of this affluent N1 location. It is surrounded by a variety of independent retailers and enjoys good footfall. It has excellent road and rail links into the West End of London and is also surrounded by a variety of restaurants, cafs and bars. An advantage for the business is that there are schools close by and that there is little or no competition for childrens shoes from other shoe retailers in the nearby vicinity.

The business has an excellent reputation and is well run, however still has growth areas by expanding its operation with an online/social media presence as well as opening on Sundays. There are schools close by which brings in families for their childrens shoe requirements. The sale of Childrens shoes are one of the USPs for this business and there are no other stockists in the nearby vicinity and enjoys regular returning customers. It also stocks the main branded names like Clarkes, Start-Rite, Asics, Primigi, Crocs, Timberlands, Kickers as well as a unique Vega range which are a new concept and are made purely from Vegan products. The business is currently run by the owner, manager and part-time member of staff. The current opening hours are Monday to Saturday 9.00 am to 5.30 pm but could also be opened on Sundays if the new owner wishes to do so.

Turnover: From 4th of January to the 31st of October including 16-week lockdown 236k, Net Profit in excess of 50k

Rent: 30,000 per annum

Business Rates: 6868.00 (currently zero due to Covid)

1 x Full-time member of staff 5 days a week including Saturday 20k per annum.

Trading Hours: Monday to Saturday 9.00 am to 5.30 pm.

Price: 50,000

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For more information about this property, please contact
Everett Masson & Furby, WC1A on +44 20 8033 1494 * (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 Everett Masson & Furby, and do not constitute property particulars. Please contact Everett Masson & Furby 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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