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Shop for sale

Montpelier Vale,London,SE3

Under Offer 24 sq. m. | £79,995

Property Description

Commercial information

  • Business for sale
  • 258 sq ft (24 sq m)

Full description

Tenure: Leasehold

LOCATION
Village House Shoe Repairs occupies ground floor premises, ideally located within the quaint village of Blackheath, London. 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 good car parking facilities within the area.

Blackheath Village is located south east of Greenwich Town Centre and boasts a number of independent shops, pubs and restaurants. The main shopping streets are Tranquil Vale, Montpelier Vale and The Village. Blackheath is one of the largest areas of common land in Greater London, with 85.58 hectares of protected commons.

The area of the business is well-served by the public transport system, with several bus stops within easy walking distance of the property. Blackheath railway station is just a two minute walk away. The area is also well served by the A-roads, with the A2, the A20 and the A2213 all being within easy driving distance, which link to the national A-road and motorway networks. Dartford is approximately 11 miles away and the City of London is 6 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established shoe repair and key cutting business, which is ideally located within the village of Blackheath, London.

The business was originally established in 1982 and has been in our client's careful ownership since taking over the business from his father in 1989. Only now is the business being offered to the market due to our client's unfortunate health problems. The business currently operates 5 days per week and generates a turnover in the region of 74,500 per annum, with a gross profit of approximately 81%.

Our client offers a wide variety of shoe repairs including leather half soles and long soles, rubber soles. Stick on soles, commando soles, rubber heals, iron heels, rubber heels, stiletto heels, insoles, patching and stitching and back linings. The key services include cutting all kind of household keys including Chubb, Ingersol, Yale, era and Asec, plus many more. Our client also has a wide range of sundries such as insoles, polishes etc.

The business is the only one of its type within the area and has built up an enviable reputation for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Thursday or Sunday trading. There is also the opportunity to introduce other services, such as watch repairs, engraving or clothing alterations. A new owner could also embark on a modest marketing campaign to highlight the services offered. The business already has a website in place to advertise the business at www.villageshoerepairs.co.uk.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

PREMISES
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.

Equipment included:

Cylinder key machine.
Mortice key machine.
Power finishing machine.
Standard Blake machine.
Heat lamps.
Singer 29k patcher.
Bench grinder.
Compressor and brad nail gun.
2 x CCTV camera system.

External:

Good signage.

TENURE
We are advised Leasehold:

Original lease length: 7 years
Remaining lease length: 6 years
Rent: 10,600 per annum, which is a fixed rent for the term of lease.

HOURS
The business is open:

Monday - Wednesday: 8.30am - 5.30pm
Thursday: Closed
Friday: 8.30am - 5.30pm
Saturday: 9.00am - 5.00pm
Sunday: Closed

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of 74,500 per annum, with a gross profit of approximately 81%.


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