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Main Road Trading Position
Accounts Available Year End 30th June 2020
Annual Turnover £54,729
Gross Profit £13,735
Financial Information Available After Viewing
Owner Operator / No Staff
Affluent Town Centre Location
Superb Online Reviews
Good Social Media Following
Scope For Longer Opening Hours
Potential To Expand Product Lines
EPC - G
REF 7367 – Leasehold Children's Footwear Retailer
Blacks Brokers are pleased to bring to the market this leasehold children’s footwear retailer located in Ramsbottom, Bury.
Little Goody New Shoes was established by our client in this affluent area of Ramsbottom in 2015. The business offers a wide range of high quality children’s footwear and professional fitting services. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Little Goody New Shoes has a comprehensive website in place and a good social media following.
Ramsbottom is a busy and affluent town with many areas of housing in the local vicinity. Little Goody New Shoes occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco and Morrison’s. There are a number of car parks nearby as well as many other local amenities including The Post Office, a busy train station and lots of cafes, bars and so on. The area is well linked by the M66 with very strong public transport links.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2021 at a cost of £161.50 per week.
The business operates with our client only in full time employment.
Little Goody New Shoes has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 30th June 2020 show that the business has an annual turnover of £54,729 with a gross profit of £13,735. Accounts can be made available after viewing.
This well established business occupies an enviable trading position in a bustling and highly sought after area of Ramsbottom town centre. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines such as accessories and clothing as well as longer opening hours. The website could be updated to allow online sales and a strong marketing campaign could also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
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