Shop for sale

Rivergate Arcade, Viersen Platz,Peterborough,PE1

£66,000

Property Description

Full description

Tenure: Leasehold

WELL ESTABLISHED SHOE SHOP - CAMBRIDGESHIRE
Situated in the desirable city of Peterborough
Advised annual turnover of 222,595
Scope for advertising to boost sales
Well established and highly reputed
Ideal lifestyle opportunity
Genuine reason for sale
Walk in condition
LEASEHOLD


Location
The business is located within the bustling city of Peterborough, Cambridgeshire. Situated 75 miles north of London, the city stands on the River Nene which flows into the North Sea approximately 30 miles to the north-east. It is prominently positioned within the popular Rivergate Shopping Centre, surrounded by a wealth of complementary shops and travel facilities allowing the opportunity for passing trade. The city is a thriving market city in the county of Cambridgeshire renowned for its quality period architecture and rolling countryside. The city has strong road links via the A1M Motorway and A47 trunk road.

Business History
Meridian Business Sales are delighted to offer this superb shoe business to the market which was established in 1989 and has been in the same family since then. Since our client took ownership of the business, he has invested a large amount of time and money allowing the business to become a success with the local community. Each customer receives fantastic service from our client and his member of staff, providing them with the highest standard of products ensuring every need is met. The only reason our client has instructed us to market the business, is due to his desire to pursue other business interests. The business provides a selection of shoes such as; safety shoes, casual shoes and formal shoes, each type offers a wide range of choice. Due to the sales of their brilliant produce, the business generates a respectable annual turnover of 222,595 with a gross profit margin of 37%. This is an excellent opportunity to purchase an established business which is a great base to build upon, with internet marketing and online sales, and as such early viewing is strongly advised as this business is not to be missed.

Financial Profile
Turnover: 222,595pa
Gross Profit: 37%
Stock Approximately: 25,000

Tenure
Leasehold
Original Length: 15 years
Remaining: 7 years
Rent: To be negotiated

Opening Hours
Monday: 9:00am - 5:30pm
Tuesday: 9:00am - 5:30pm
Wednesday: 9:00am - 5:30pm
Thursday: 9:00am - 5:30pm
Friday: 9:00am - 5:30pm
Saturday: 9:00am - 5:30pm
Sunday: 11:00am - 4:00pm

Accommodation
Well maintained mid property, with fantastic window displays and attractive signage, briefly comprising:

GROUND FLOOR (approximately 650 sq ft)
Secure alarmed entrance with full security and CCTV, leading to:

Open plan retail area
Various shoe displays
Serving/payment counter
Cash register
Card payment machine
Counter displays
Storage room

FIRST FLOOR (approximately 700 sq ft)
Various shoe displays
Fully fitted kitchenette
Toilet facilities

EXTERNAL
Double delivery doors at the rear
Various parking facilities

Nearest station

  • Peterborough (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Peterborough (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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