Established shoe store.
Ref. BFS4216.
Location : Durham England
Asking Price : £18,000
Expansion Potential
Apart from the fact this business is still growing, there is potential for expanding the ranges, moving into more sizes and introducing additional brands. The lease can easily be extended on these premises or the shop could be moved into a bigger space. New owners could also decide to start an online shop as well and increase the turnover through online sales.
Reason for Sale
Financial Information
The business is still very much growing, it is in its third year now and the turnover is still more than doubling every year. First year s was around £11500 (the business opened in June so first year was 10 months long), second year turnover was £24000 and the first six months of this year we have had a turnover of over £25000.
The location is ideal for customers with children - the shop is located away from the hustle of a high street, on a residential estate yet minutes away from the city centre. With ample free parking, a small pedestrian zone and a play corner, it is a relaxing, family friendly environment parents and children like to shop in.

Posted Jan 5, 2016

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