Shoe repair business for sale

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Private Seller Step Ahead Shoe Repairs

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Summary

Offering shoe repairs, key cutting, hand engraving, computer & laser engraving, watch repairs, car/garage remotes & battery replacement, sale of engravable giftware and leather goods.

Revenue

$255,940 pa

Rent

$88,260 pa

Expenses

$66,500 pa

Net Profit

$101,180 pa

Location Details

kiosk 2 level 1 200 gilchrist drive, Macarthur Square shopping centre Campbelltown
Located on level 1 under the escelators where the guest services used to be. Kiosk is highly visible from level 2 and 3 with a lift metres away and car park. Kiosk is a few metres away from doors that lead to main outdoor dining and train station.

Potential

Potential to increase sales up to 50k per year simply by opening on sundays ( I was opening Sundays but decided not to as i needed a day off). Also you could trade as per shopping centre hours which would add 5 hours of trade per week or with sundays 12 hours per week. This would drive up sales well past 300K per year. There are other oportunities to increasing sales if you wish to by displaying car key duplication which is highly profitable and in high demand. You could also display trophies and signs to increase awarness.

Skills

Basic experience in all services is helpful.
Good customer relations.
Able to work alone and under some pressure.
Good time management and being organised.
Stock control and basic p/c tech knowledge.

Hours

monday,tuesday,wednesday,friday 9-5
thursday 9-8
saturday 9-4
sunday closed
public holidays closed

Lease

lease expires in 2027, option to extend from 1 to 5 years.

Employees

no employees at this stage.

Reason for Sale

Now that my partner is working and my kids have part time jobs i no longer need to earn as much to support the family. Also after 23 years in the trade I am ready to do something else.

About the Business

Business offers the main services including Shoe and bag repairs, house and car key duplication, laser, machine and hand engraving, watch battery and band replacement, sale of garage, gate remotes, Trophies, engravable giftware, leather belts and wallets, shoe care products.
All equipment and machinery included in sale. Shoe repair finisher, shoe stretchers, key cutting and decoding machines, car remote cloning and diagnostic programming tools, engraving machines, watch repair tools and lots more.
This business is operated by myself, with a little help you could easily add more car keys that require programming at the vehicle.
All sales figures through MYOB. My accountant can provide any finacials required showing all income & expences. Business is audited yearly as per shopping centre requirements.

History

Business was established in 2002 in Casula Mall for 10 years. Relocated to Westfield Liverpool for 5 years. Relocated to Macarthur Square in 2020. Business continues to grow with many repeat customers and many referals from stores within this centre. Also, High-rise apartment development is planned at Macarthur Gardens North, located directly adjacent to Macarthur Station, with proposed building heights increasing to a maximum of 24 storeys. This project aims to deliver over 1,600 homes. This will definately generate more business.

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