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4/134-138 Thompson Avenue,
Cowes 3922, Victoria

Retail

$75,000

Property details

Footwear & Accessories Business For Sale - Cowes, Phillip Island

Operating since 1983, Island Shoes is a well-established retail store in the heart of Cowes, Phillip Island, offering an exceptional range of high-quality leather footwear, sporting and lifestyle footwear, handbags, wallets, and accessories for both men and women.

Located at 134-138 Thompson Avenue, Cowes, in the bustling main street alongside other retailers, Island Shoes benefits from excellent foot traffic and a high-visibility position, ensuring steady customer engagement and growth potential. Island Shoes caters not only to the loyal local community but also to holidaymakers who return time and again, drawn by its reputation for quality products and outstanding service.

With longstanding relationships with reputable suppliers, including global brands like New Balance, Eos, Rieker, Zeta, Cabello, to name a few. This business provides an incredible opportunity to continue trading with well-recognised names in the footwear and accessories market.

This business offers significant growth potential, including opportunities to enhance its reach through advanced SMS and email marketing campaigns. While the store already maintains a social media presence, its prime location and reputation as a destination retailer have allowed it to thrive on foot traffic alone.

With all chattels included in the sale price, you will have everything you need to hit the ground running. The owner is also offering training and support during the handover, ensuring a smooth transition into the business.

A secure lease is in place, with the option to renew for an additional five years from January 2026, providing long-term stability for the next owner.

This well-loved business has been a pillar of the local community for over 40 years, known for its exceptional quality and service. Run by its dedicated owners seven days a week, it has become a trusted and cherished part of life on Phillip Island. Now is your chance to take the reins of Island Shoes, the longest-standing shoe store in Cowes, and carry forward its enduring legacy.

Key features include:
• Long term customer loyalty established and strong community presence
• Established Business, been operating since 1983
• Reputable supplier relationships
• Situated in an ideal location with high foot traffic
• Strong capacity for growth

$75,000 plus Stock at Value.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

  • Cowes Primary School Primary Prep-6 Government 0.34km
  • Our Lady Star of the Sea Catholic Primary School Primary Prep-6 Catholic 1.5km
  • Newhaven College Combined Prep-12 Independent 4.6km
  • Phillip Island Village School Primary Prep-6 Independent 6.8km
  • Somers Primary School Primary Prep-6 Government 9.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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