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Well-Established Footwear Retail Business in Cheadle, Greater Manchester For Sale

Cheadle, Greater Manchester

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Sold

£50,000 +SAV

Ref: 2424

Leasehold

Overview

Option 1 £50,000 + SAV - Leasehold retail unit, business and goodwill Option 2 £99,995 + SAV, Leasehold retail unit, business, goodwill and internet business Hilton Smythe is delighted to welcome to the market this well-established and popular footwear retail business, located in the village of Cheadle, Greater Manchester. The business was established by our client in 2004 and is only now being offered to the market due to our clients personal circumstances. The business operates 6 days per week and generates a fantastic turnover in the region of £500,000 per annum, with a gross profit of approximately 30%. Our client offers a wide range of men's and ladies high end footwear from a number of leading brands including Rieker, Josef Seibel, Birkenstock, Fitflop, Fly London and Gabor. The shop is fitted out to a very high standard and is well maintained throughout. The business has built up an enviable reputation within the immediate and surrounding areas for the high quality of the footwear offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel the turnover could be increased by extending the opening hours, perhaps by opening on Sunday. A new owner could also embark on a modest marketing campaign to highlight the business and the goods offered. The business already has an excellent website in place with online ordering facilities. We are advised that our client is willing to offer a handover period for any new purchaser, if required. This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Turnover
The business generates a turnover in the region of £500,000 per annum, with a gross profit of approximately 30%.

The business is owner run and managed with 2 x part time staff members.

The business is open: Monday - Saturday: 9.00am - 5.00pm Sunday: Closed

Westwoods Footwear occupies substantial two storey premises, ideally located within the village of Cheadle in Greater Manchester. The business is located on the busy High Street and is surrounded by a wealth of complimentary shops and businesses; therefore benefitting from a very high footfall and passing trade. The business also benefits from public car parking facilities within the area. Cheadle is a suburban village in the Metropolitan Borough of Stockport, Greater Manchester. Historically in Cheshire, the village borders Cheadle Hulme, Gatley and Cheadle Heath in Stockport and East Didsbury in Manchester. According to the 2011 census, Cheadle had a residential population of 14,698. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately one mile away in Gatley. The area is also well served by the A-roads, with the business being located on the A560, which links to the vast A-road and motorway networks. Stockport is approximately 5 miles away, Altrincham is 6½ miles away and Manchester City Centre is also 6½ miles away.

Substantial two-storey premises, in a prime trading location, briefly comprising: Ground floor with: Main sales and display area with: Attractive window display area. Display rails and shelving to perimeter walls. Central display rails. Serve over counter with electronic cash register, credit/debit card terminal and PC. Good décor and well presented. WC. Large stock room to rear. Kitchenette. First floor with: Large stock room with extensive racking and shelving.

Tenure
We are advised Leasehold: Original lease length: 10 years Remaining lease length: 5 years Rent: £23,600 plus VAT and service charge.

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