Archived
Reputable Cobbler/Key Cutters For Sale
Nottingham, Nottinghamshire
- Asking Price: £19,995 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £33,000 as of 2022, further financial information can be made available upon request.
Please quote reference B07009
- Tenure: Leasehold
Please quote reference B07009
*Great business with option to add on online trophy business*
Hilton Smythe are delighted to offer to the market 3D Shoe Repairs established over 30 years ago. The business has diversified into one of the largest Automotive locksmith suppliers in Europe.
Time and effort can no longer be spent on improving the business; this is the reason our client has made the decision to sell. Our client has advised that it could be profitable for a small team that doesn’t have the overheads of a large business like our clients.
The business offers:
- Shoe Repairs
- Bag Repairs
- Key Cutting
- Watch Battery Replacement
- Sundries Sale (shoe laces, shoe care...)
Currently, our client doesn’t focus on the following services which could be explored: Watch Repairs, Car Key Repair/Replacement, Safes, speciality key cutting, and mobile locksmithing. 3D Shoe Repairs have started to repair expensive shoes, and their Instagram shows some of the work completed. With some more social media work, you could explore mail-in repairs for higher-value shoes.
Reasons to buy:
- Recently refurbished modern shop
- Long established Shoe Repair business
- High-quality shoe repairer already working there
- Ability to provide many more services to increase turnover
- Busy high street store near a junction
Including retail shop customers, machinery, and stock to provide trophies and engraving from the Shoe Repair shop.
Turnover
- 2022 to June £33,000
- 2021 £60,000 - Profit £14,900 (With Covid Grants)
- 2020 £30,000 - Profit £4,500
- 2019 £60,000 - Profit -£366
- Key cutting - Silca Matrix S £500
- Key cutting - Silca Rekord £500
- Key cutting - Silca Bravo professional £500
- 150mm Bench grinder - £30
- Key cutting - Lancer Plus - £500
- Blake machine - Siserve - £1,500
- Finishing machine - Siserve - £10,000
- Industrial sewing machine £2500
- Silca Outsoler - Standard, model number 848 £4,000
- Electronic Till £300
- 2 x Computers & screens = £300 Total
- Air Conditioning £1000
- General Tools £1000
- Current stock £10-£20K
- Laser machine - Epilog laser mini = £10,000
- Engraving machine 1 and 2 - U-marq universal 350 = £5,000 Each = £10,000
- Small engraving machine - U-marq Gem = £1,000
- Electronic Till £300
- 4 x Computers & screens = £500 Total
- 1 x Laptop = £100
- Air Conditioning £1000
The business is run and managed by 2 full-time staff members (1 Highly Skilled Shoe Repairer & 1 General Staff Member)
The business trading hours are:
Monday - Closed
Tuesday to Saturday - 09:00am - 17:00pm
Sunday - Closed
The highly visible shop is positioned alongside complementary independent retailers and is part of a larger range of shops.
Nottingham, known for its role in the Robin Hood legend and for the hilltop Nottingham Castle Museum and Art Gallery, rebuilt many times since the mediaeval era. In the Lace Market area, once the centre of the world’s lace industry, the Galleries of Justice Museum has crime-related exhibits. Wollaton Hall is an ornate Elizabethan mansion with gardens and a deer park.
The business consists of two rooms, the largest being a customer counter area where there is a small place to engrave trophies if bolt-on business is taken. In front of the customer counter, there are areas for shoe sundries. Behind the counter has plenty of storage and keyboards hosting thousands of keys. There is a second room which forms part of a workshop with large shoe repair machinery.
There is the possibility to expand the business size (preferable if taking Add-on Business) to the back as there is a vacant property with lower rent, including office space, extra parking and storage.
Tenure
We are advised the business is being sold on a Leasehold basis with 1 year remaining on the Lease, the rent is £720.83 per month with rates payable at £2070.85 per annum. (Lease ends Oct 2023)
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
