$149,900

About this property

Mall Retail Business For Sale. Ellen's Children's Shoes - 'Perfectly Fit by Ellen'. An Established & Successful Children's Footwear Store. AttentionEntrepreneurs, here's a chance to take over a thriving footwear business with a proven 33-year track record of success. Located in the high-traffic Sherwood Forest Mall, London, Ontario. Surrounded by multiple AAA Retailers anchoring this Mall, PERFECTLY FIT by ELLEN, offers easy access and steady daily foot traffic for families and frequent shoppers. Retail Draws Include: GoodLife Fitness(4000 members), Food Basics,Shoppers Drug Mart, Dollarama, Bernie's Restaurant, Tim Hortons, Subway, Pizza Pizza, Burger King, Pet Value, and Petro Canada with aMcDonalds restaurant. The area directly surrounding the mall is bustling with additional traffic and opportunity with: TD Bank, Sir FrederickBanting school (1,600 students), Medway Community Centre (featuring ice pads), the Canada Games Aquatic Centre(public swimming pools),and a University of Western student residence (600 students). Total Space = 1,150sqft. Store Features: Large open concept retail area, Large storage area with shelving, Private 2pc bathroom, Kitchenette, and Office. This turnkey operation is perfect for an owner-operator or investor.Seller (Ellen) is open to staying on during transition, to ensure your continued success. Existing Lease Term - 5yrs ending 2029, with 5yr optional extension. Rent is $18.90/sqft + cam & taxes, estimated total = $3,860.87/month in 2025. Gradual increases from 2026-2029 up to $21.50/per sqft in Year 5. Sale of the Business is plus the Cost of Inventory at Completion Date and Includes: Existing Lease, Business Name and Facebook Business Page with 5,500 followers, and over 3 decades of continued success to a loyal and always growing customer base. Take advantage of this rare opportunity to own a recession resistant, community-trusted retail business, in one of London's busiest retail hubs. Inquire today to learn more.

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