If you ever bought a pair of shoes on Phillip Island, chances are it was Bella or Ted Egan, or one of their loyal staff members, who helped with the fitting. The couple are now keen to hear from new entrepreneurs interested in taking over their Cowes and Leongatha businesses.
TWO popular and profitable local businesses with huge customer bases are now on the market.
After close to three decades in the footwear business, Ted and Bella Egan, owners of Island Shoes in Cowes and Leongatha Shoe Gallery, have decided it’s time to try something different.
The pair stepped into the shoe industry with the opening of their Cowes footwear store in the mid-1980s, building a loyal customer base and becoming a one-stop-shop for families looking for high quality, reasonably priced shoes.
Profits from the Cowes store continued to exceed expectations over the years, resulting in Ted and Bella being able to take over the former Howards Shoex store in Leongatha over seven years ago.
With the Egans’ expert knowledge of the industry and current trends, takings at the Leongatha store have tripled, providing a great opportunity for new owners on its own or coupled with the Cowes store.
Suiting a family or husband-and-wife team, both shoe stores are currently operating under full management and are fully viable and profitable.
Island Shoes boasts a massive customer base, with the business attracting almost as many non-locals as it does Phillip Island residents.
“We have 2000 customers the Island and 1500 from the metropolitan area,” Bella explained.
“For this, we introduced our Loyalty program – how else do you repay such loyalty?”
People who have worked with the Egans are equally as loyal, with one staff member, Sharon, working at the Cowes store for over 20 years.
“We wouldn’t be here without our staff,” Bella continued.
“They are fantastic, and are the reason we have been able to work on our business for all these years.”
So, aside from terrific customer service and great prices, what is it that keeps drawing people back to the Egans’ shoe stores?
One look at the fully-stocked shelves at either store gives you the answer.
“We think the strength of the business is in the diversity of our range of family shoes, and especially that of women’s fashions,” Bella added.
“We choose styles that are popular with women – styles they can wear throughout the season and that are at an affordable price.
“We’re not a boutique store.
“The fashion has now become more relaxed and casual, but with an elegant edge.”
Spring and summer stock starts rolling into Island Shoes and Leongatha Shoe Gallery next week, marking the perfect time for potential new owners to take the reins.
Both businesses are offered together as a package or can be sold and run independently.
Ted and Bella have decided to advertise locally first, giving their loyal customers first chance at this wonderful commercial opportunity.
For more information, call the owners on 5678 5325 or email firstname.lastname@example.org