Business for Sale in Kent SHOE REPAIRS, KEY-CUTTING & SALE OF LEATHER GOODS

Key Information

Reference

M33335Z

Tenure

Leasehold

Status

Sold

Region

Kent

Sector

Shoe Repairs

Accommodation

No

Business Information

Established in 1990, this highly regarded business is run by a husband and wife team specialising in shoe repairs, key cutting and the sale of leather goods including shoes, bags, belts and straps. Located in a busy parade in a highly populated residential area of Maidstone, the shop has a pleasant retail area to the front and compact storage room with toilet to the rear. It is very well-equipped for the trade, and all fixtures, fittings, machinery and stock are included in the sale of the business.

The shop has built an excellent reputation and has many loyal customers. Trading accounts for the financial year ended 6^th December 2016 show Annual Sales of £59,822 and a Gross Profit of £43,137.

In this busy location, there is plenty of scope to develop the business further and increase the takings. For example, new owners could introduce many other complementary services such as watch repairs, mobile phone repairs, engraving, house signs, passport photos, security keys, car keys and possibly a dry cleaning agency.

The premises are held on a 10-year lease from 29^th April 2016 at a current annual rent of only £5,000. This is a profitable and professionally run business which has been in the same hands for almost 30 years and is only now for sale because the owners are wishing to retire.

Ref: M33335Z LEASEHOLD: £67,500

Full sales details available at www.emfgroup.com