Clothing, Fashion and Accessories
Randwick NSW

Price: $199,000 All inclusive Stock Included question mark popup button

Shoe Retail / Shoe Repair | 50+ YEARS | BEST LOCATION For Sale

This opportunity would suit a buyer who loves shoes, retail and has a hunger for making money. This has been a shoe repair business for over 50 years, with a fantastic reputation and loyal customer base. The owner has also invested 5 years into building a very successful ladies shoe retail business – coming in with over 55 years experience in the industry. Prior to taking over, he had invested 25 years in a previous very successful and profitable shoe retail/repair business elsewhere. 

 

With a prime location on Belmore Rd - Randwick’s busiest shopping strip - directly opposite Randwick’s new Royal Plaza, the Prince of Wales and Sydney Children’s Hospitals, as well as the University of NSW - you can’t get a much better position in Randwick! The shop attracts loads of car and pedestrian traffic, and is centrally located amongst busy bus stops, banks, cafes, and other local businesses, with ample surrounding parking. 

 

This business is open Monday to Saturday (Mon, Tue, Wed, Fri: 11am-6pm; Thurs: 11am-7pm; Sat: 11am-4pm). The new owner can take the business to the next level by opening earlier to attract morning rush customers, as well as open on Sundays to attract more weekend shoppers. 

 

This is a shoe retail and shoe repair business. Shoes are sourced from several leading, popular local suppliers, and all brands are exclusive solely to this business within the Randwick and surrounding areas. Customers travel from all around NSW and interstate specifically to shop here, with a large loyal and satisfied customer base.

 

This business has a great potential to double and triple profits by simply: opening earlier (current owner is unable to do so), advertising locally and online, building an online sales and social media presence, and some minor shopfront improvements. With the owner’s 55+ year industry experience, he focused on comfort and style in ladies shoes – which has been the pinnacle of the business’ success. There is an ongoing demand for such shoes, and as such, this business would highly benefit from an online website/sales presence which currently does not exist. Owner would be happy to assist in this department, but has not had the time to build this online presence. As such, this business would suit somebody who would be willing to make the above simple efforts.

 

The business has a successful online Google presence, with an average of 5,000 Google search and profile views per month, with the potential to increase.

 

The business has been priced to sell, with owner looking to finalise sale within the next couple of months, and train the new owner within this time.

Current lease is affordable at $7,000 per month or $84,000 per annum. Stock holdings circa $180,000 negotiable.

Full financials provided with consistent owner earnings circa $16,000 per month or $192,000 per annum.

Lease till November 30th 2016, with option to renew 3x3 or 5x5.

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Price: $199,000 All inclusive Stock Included
Client No: M1523014397
Seller prefers initial contact via email
    Private sale, no contact by agents or marketers please.

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