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Retail premises to let

£15,000 pa (£1,250 pcm)

Unit 8, Melton Mowbray LE13

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Property description

Price includes stock

business

Hilton Smythe welcomes to the market Melton Heel Bar, which was established by the current owner in 1987, and is now looking towards a well-deserved retirement.

Melton Heel Bar is a shoe repair centre, also offering a key cutting and engraving service. The business also sells bags and trophies. The stock is included in the price.

There are many locals and passing trade using the shop as the owner is able to offer a same day service.

As our client is looking to retire, he has reduced his hours over the last few years and in the past stocked more bags etc to produce a higher income.

Currently there is no website to gain extra sales and having a presence on social media could also be beneficial to the purchaser. Our client would also be prepared to sell the assets and stock only, if that suits the buyers’ needs.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location

Melton Heel Bar is located in The Mall on a main shopping street in Melton Mowbray within Leicestershire.

Being in The Mall there are several other businesses situated there including a cafe, a card shop, hairdressers, mobile phone shop and tattoo parlour. The business benefits from its own parking at the rear of The Mall and also parking is available over the road for 50 plus cars at £1 for 2 hours.

The Mall is located on a main shopping street being Nottingham Street, which is located off the main A607 into Melton Mowbray. There are local bus links nearby.

Premises

Melton Heel Bar is located in The Mall, on entering The Mall from Nottingham Street, follow round to the right and you will see the shop directly in front of you.

Circa 14sq m.

The main assets of the business include: -

Whitfield Wylie shoe repair machine,

4 key cutting machines and an

Engraving machine

tenure

We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 1 year lease from April 2016.

Remaining lease length:9 months, fully renewable.

Rent: £ 3,721 including VAT per annum.

We are advised currently no business rates are payable.

The landlord grants all the tenants a 1 year lease which is fully renewable on the anniversary of the lease.

Hours

The business opening hours:

Monday-Saturday:9am – 4pm

These hours have been reduced and other shops in The Mall are open Sundays and until 8pm weekdays, therefore there could be scope for more custom in these hours.

Staff

The business is run and managed by our client.

Financial profile

Melton generated an advised turnover of circa £21,907 as of the 2016 accounts, with a gross profit of £19,748.

What Zoopla users think of Melton Mowbray

Overall rating:

  • currently 3.5 stars
Good - 74% (48 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
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Parks & recreation
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  • 1
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  • 5
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Nearby transport

  • Melton Mowbray (0.4 miles)
  • Oakham (9.1 miles)
  • Syston (9.5 miles)
  • East Midlands Airport (18.9 miles)
  • Coventry Airport (37.0 miles)
  • Birmingham International Airport (42.1 miles)
  • West Lynn Ferry Landing (53.5 miles)
  • King's Lynn Ferry Landing (53.6 miles)
  • Hull Ferry Terminal (72.3 miles)

Nearby schools

View all schools in Melton
  • The Grove Primary School (0.3 miles)
  • Saint Francis Catholic Primary School (0.4 miles)
  • Brownlow Primary School (0.6 miles)
  • Brooksby Melton College (5.3 miles)
  • Harington School (8.8 miles)
  • Homefield College (9.5 miles)
  • Long Field Academy (0.6 miles)
  • Birch Wood (Melton Area Special School) (1.0 mile)
  • John Ferneley College (1.1 miles)
Note: Distances are straight line measurements

Local info for Melton

About the neighbours in LE13

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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