Griffiths Footwear – still trading well after 107 years

Property Details

  • Property Name: Griffiths Footwear – still trading well after 107 years
  • Property Type: Retail
  • Price: $250,000 plus SAV (approx. $120,000)
  • Region: Hawkes Bay
  • Listing: HC00188

Confidentiality

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About this Business for sale in Hawkes Bay

This wonderful business has come to the market. It is part of the very fabric of Hastings, having been established in 1914.

Griffiths has carved out its own niche market and is known for its ‘comfy shoes’. Need a pair of Doc Martens – you can get those there as well.

They have the exclusive rights for Hastings, to many brands:

  • Rieker, Joseph Seibel, Doc Marten, Ziera, Suave, Florsheim, Propet, Romika, Colorado, Dr. Feet

As this is an independent store you have the opportunity to stock whatever brands you like and the sale reps from the different companies are always wanting you to stock with their latest brands.

Griffiths Footwear also stock McKinlay school shoes and are the recommended stockists by local schools such as Lindisfarne, Iona and Woodford.

This is a great business that continues to trade well. The turnover is great with 2021 seeing a good jump in turnover and profit. 2022 is off to a great start with the first three months showing a 27% increase on 2021.

Current owners have had the business for 17 years and it is now time for them to put their slippers on and relax.

Are you the new owner of this business? Take this grand old girl and give her a little spark of 21st century technology and watch her shine!

Price: $250,000 plus SAV (approx. $120,000)

Want more details about this property?

Please complete the online Confidentiality Agreement Form:

Confidentiality Agreement Form