Archived
Well established Cobblers & Key Cutters business for sale
London, City of London
- Asking Price: £21,950 +SAV
-
Turnover:
We are advised that as per the 2019 accounts, the business generated a turnover in the region of £20,000, with an adjusted net profit in the region of £5,000. Full financials can be made available upon further request.
Please quote reference B06027
- Tenure: Leasehold
Please quote reference B06027
Hilton Smythe are delighted to bring to the market a fantastic opportunity to purchase (on a leasehold basis) a very well-established, traditional cobblers’ business.
The business has been under the ownership of our client for over 40 years & has only now come to the market as our client would like to take their well-earned retirement.
Top Stitch Closers specialises in footwear and all leather repairs along with a Key cutting service in addition to stocking a range of men’s and women's footwear, luggage, bags, leather products such as cleaners, laces, polishes, etc.
There is massive scope to increase turnover as demand for the products & services is increasing along with expanding some of the retail lines currently stocked, in addition to the possible undertaking of a robust marketing campaign to highlight the products & services available along with the introduction of a dedicated website to help further promote the business.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.
We are advised that the business has 2 full time members of staff.
The business is currently trading;
Monday – 09:00 – 17:00
Tuesday – 09:00 – 17:00
Wednesday – 09:00 – 17:00
Thursday – 09:00 – 17:00
Friday – 09:00 – 17:00
Saturday - Closed
Sunday - Closed
Top Stitch Closers occupies ground floor premises, ideally located on the busy & thriving Well Street in the popular Hackney area of London (E9). The business is situated within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade.
The business further benefits from being within easy access of Hackney Central and Homerton stations as well as regular bus routes, all providing excellent links into the City and West End, and to the surrounding area.
The premises consists of a Ground floor, lock-up premises in an ideal trading location, briefly comprising;
- Small retail area.
- Customer waiting area.
- Fixed wooden serve over counter.
- Shoe repair area.
- Rear workshop with storage, w/c various racking & shelving, along with industry standard machinery & equipment .
Tenure
We are advised that the business is being sold on a Leasehold basis, on a yearly rolling lease. Landlord to negotiate a new lease.
Rent is £800 per month and the owners also benefit from not pay business rates.
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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
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