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Shop for sale

North Street, TQ13

141 sq. m. | £10,000

Property Description

Commercial information

  • Business for sale
  • 1,517 sq ft (141 sq m)

Key features

  • REF 12603

Full description

Tenure: Leasehold

Beau Shoes is located in the town centre of Ashburton, Newton Abbot, Devon.

The business is situated in the beautiful location of Ashburton. This is a bustling town that boasts a plethora of retail stores. There is a range of independent retail outlets that receive a generous amount of trade from the locals. The town centre is very busy and receives heavy footfall daily.

In the area is parking bays and on street parking allowing for customers to easily call in. The town is close to Dartmoor National Park and is an easy drive to Torquay and Exeter. There are great road connections which allow this town to reach main towns with ease. The area also has great bus routes. There is a bus stop within walking distance of the property which have regular daily routes. The closest train station is just a short 5 minute drive away.

Hilton Smythe welcomes to the market Beau Shoes. This store was originally established by our client in 2011. The owner is now looking to sell the business due to the desire to focus on other business opportunities.

The business runs as a town shoe shop offering a fantastic range of stock. This is the go to place in the area for all shoe needs. They sell branded shoes such as Ara, Josef Seibel, Van Dal, Oxygen and much more. The store offers quality shoes for great prices.

The shoe shop generates a healthy turnover of around 66,000 per annum with a gross profit of around 36%. This is a great turnover that could be increased. The new owner could look to offer more lines of shoes to widen the target market.

The business has a great website that has been complete to a high standard. The site shows all products available and orders can be placed. There is free shipping available and also next day delivery; they offer delivery services all over the UK.

The business sees a generous amount of repeat trade from the locals. This is an exceptional business that has been run to a high standard in this location. This is a prominent trading location allowing for generous passing trade. This would make a fantastic opportunity for a first time purchaser. Hilton Smythe highly advise early viewing to take in the full potential of this popular town store.
The business boasts a large double fronted property. Across the front are large windows which allow for a bright retail space. There are new fitted canopies above the windows and the store is also well signed. Outside the store there is space for outside display shelving.

On entrance there is shelving around the perimeter. The glass counter is to the right of the store where there is a till. We are advised that the premise is around 20ft x 20ft. Through to the rear is a stock room and a WC.

Equipment included in the sale is as follows-

This is a great sized premise with huge potential.

We are advised the business is being sold as a Leasehold opportunity.

We are advised that the landlord is willing to offer a new lease to any new purchaser.
Rent: 583 per month.

The business is opening hours-

Monday - Saturday: 10am - 5pm
Sunday: Closed

The business is run and managed by our client.

The business generates a turnover in the region of 66,000 per annum.
Gross profit 36%

Map & Street View

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