Sold. Established Profitable Ladies Shoe Shop Trading From A Prime Location And With An Excellent Reputati

Established Profitable Ladies Shoe Shop Trading from a Prime Location and with an Excellent Reputation
Ref.AB224
Location Lytham, Lancashire
Asking Price GBP 29,950
Turner Butler are delighted to offer for sale this established, profitable ladies fashion shoe shop in Lytham, which would be an ideal aquisition for enthusiastic new owners who are able to build on the name and reputation that this business has built up over the years.
The shop boasts approximately 500 sq.ft. of well merchandised retail space which is complimented with additional storage facilities located in the basement. Customers are able to peruse the impressive range of ladies footwear, utilising the comfortable seating areas.
We are advised that the current annual turnover, inclusive of VAT, is in the region of GBP133,000, with a gross profit of GBP 66,000. The business is run with a manager in place, new owners may wish to continue with the status quo or look to have a more hands on approach to the day to day running of the business.
The business is held on a secure lease that commenced in 2007 and was originally for a term of 15 years. Rent reviews are undertaken every 3 years with the last one taking place in 2013. The current annual rent is 17,000 p.a.
The shop is located on a bustling main parade surrounded by other complimentary businesses. The owners have marketed this shop as a high class venue for ladies looking for occasion footwear, suitable for a variety of events.