For Sale

Unique Designer Shoe Retailer

Bristol, Bristol

£34,995

Ref: B04191

Contact sales negotiator

Kai Pollitt-Parry

01204556311

Email Kai Pollitt-Parry

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Description

Hilton Smythe are delighted to offer to the market a very special and unique designer shoe retailer ‘Bibi Shoes’.

Occupying in fantastic trading positions, the luxury retailer is only offered to market to allow our client to move abroad and more importantly let the business grow to its full potential.

The business sells a variety of well-known brands such as Lelli Kelly. The business also offers a range of accessories such as socks and bags.

A shoe cleaning service could easily be added to increase the ‘add on sale levels’.

The right owner could enjoy the success not only of the locations but with a careful expansion plan could see a similar shop on every key high street.

Website: https://bibishoesonline.com/

Tenure

Leasehold

We are advised the businesses are being sold as a Leasehold.


Original lease length: 10years.
Remaining lease length: 9 years as of 2017.
Review period: 5 years.
Rent: £ 65,000 per annum for both sites.

Hilton Smythe are advised the business rates are currently £20,000.

Hours

Monday – Saturday 9.30 am -5.30 pm
Sunday 10.30 am – 4.00 pm

Staff

The business is currently run by our client with the help of two full and two-part time members of staff.

Financial Profile

Bibi Shoes generated an advised turnover of circa £250,000 as of the 2017 accounts.

Location

Hilton Smythe are delighted to offer to the market Bibi Shoes.

There are two fantastic up and running businesses located in Cwmbran and Bristol both in superb locations, one being located within the very busy Galleries shopping Centre Bristol.

Premises

Both glass fronted and well presented, wooden flooring with eye catching window displays and a well-lit pink sign, briefly comprising:

• Open plan stock area
• Beautiful modern décor
• Serving/payment counter
• Counter displays
• Various shelving/racking
• Glass table displays with flower centre piece
• Glass cabinet displays

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