Business Summary

The current owner has run this quality shoe shop in the center of Magaluf for the past 30 years and now feels he needs a well earned rest!

The shop is located within an Arcade, of what over the years has become a bar area, where he, with a couple of other exceptions, has remained true to his retailing background, this has stood him in good stead and given him a very profitable lifestyle.

The shop is internally designed in the ‘Ibiza’ style which makes it totally open and gives it an attractive ambiance which suits the shoes that are sold, quality oozes from the fine soft leathers which have colours and texture that will please virtually every taste, without being chauvinist, women would probably spend a full day in here choosing as many pairs as they could afford!

That goes for the guys as well; the range of totally different styles and quality will be difficult to better in any shoe shop in London, Paris or New York, with soft leather slip-ons to the more relaxed footwear it really would be difficult to walk out without purchasing a pair or two!

The shop is a very manageable 46sqm fully licensed with opening hours during the summer of 10am – 1.30pm, then 5pm – 11pm and in the winter 10am – 1.30pm, then 4pm – 7pm operating for 11 months of the year taking January off for his holidays.

For new owners, the current owner is fully prepared to work alongside for a period and ensure a smooth handover to all suppliers on the Island, stock will be valued separately and the owner is prepared to negotiate the stock costs with any new owner.

There is also the option to purchase the Freehold, price on application.

In our opinion if you are looking for an easily run business which will bring in money from day one and run by a couple, then this is it.

It is widely recognized on the Island that if a Spanish owner has had the business for as long a period as this one, it is a profitable business and there is no reason at all to believe it will not continue to do so for new owners.

Monthly Rental Price: €700

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