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Saturday 24th of Jun 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£7,000

Popular Handbag Shop For Sale In Chester Le Street Premium Advert

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Further Details
Reference13375 A / RightBiz
Status
FOR SALE
Advert ID185621
LocationChester le Street, County Durham
SectorAccessory Businesses, Retail, Clothing Businesses
Leasehold Price£7,000
Annual Turnover£62,500
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Key Features
  • Established Business
  • Price Reduced
  • Prime Location
  • Unique Business
LOCATION
The business is located in the bustling market town of Chester-le-Street, County Durham.

Hawdon 4 Handbags occupies a prime trading position within the vibrant St Cuthberts Walk Indoor Shopping Centre, in the town centre. The shopping centre hosts an abundance of independent and high street retail stores. The store is next to a café with a sports shop, butchers, mobile phone stall, gift shop, jewellers, Morrisons and Thorntons in the vicinity ensuring a constant and heavy footfall throughout the day.

Chester-le-Street lies off junction 63 on the A1(m) providing excellent access to Newcastle, Gateshead, Darlington and Durham. The town also has excellent public transport links with regular bus routes and mainline railway station. The shopping centre boasts around 370 car parking spaces, with the business benefitting from a private parking space for the owner.

BUSINESS
Hilton Smythe welcomes to the market Hawdon 4 Handbags. Chester-le-Streets leading retailer of handbags, purses, holdalls and luggage solutions.

Established in 2015 by our client, the business is solely run and managed by our client and husband and is in a prime location in the middle of this lively shopping centre with a high amount of passing trade.

The store is well laid out with products clearly displayed. The stock includes fashionable merchandise for children and adults. The products are of all shapes and sizes in an array of colours and priced to suit all budgets, with seasonal changes. The store is a good size and could allow for further complimentary product lines if a new owner wishes.

According to the latest set of accounts, the business reports turnover at £62,500 with gross profit at 50%. Due to our client’s personal circumstances the store is currently closing earlier than advertised, therefore losing trade. With full opening hours’ a new owner could benefit from this additional custom.

The business has a presence on Facebook with regular features and updates. A new owner may benefit from the introduction of a website and perhaps introduce on-line sales to generate further income.

We would highly recommend viewing of this prime position retail outlet which genuinely comes to the market due to family health reasons.

PREMISES
Mid parade premise in shopping centre location briefly comprising: -

Excellent signage and large glass display windows, highly visible to passing trade.

The shop is an open plan retail premise with adjustable perimeter shelving, glass display stands and general fixtures and fittings included.

The serving area is at the back of the store. To the rear of the serving area is a kitchen and some additional storage. To the left is a store room.

To the right is a toilet and fire exit out to a car park, with a private parking space for the owner’s vehicle.

TENURE
We are advised leasehold.
The original lease length is 5 years
As of 2016, 4 years remain on the lease.
Rent is £13,728 per annum.

HOURS
The business opens: -

Monday to Saturday 9.00am – 4.30pm
Sunday closed

STAFF
The business is run and managed by a husband and wife team.

FINANCIAL
According to the latest set of accounts, the business reports turnover at £62,500 with gross profit at 50%.

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