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Wednesday 29th of Mar 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£49,950

Retail Store Outskirts Of Bristol City Centre

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Further Details
Reference13385 / RightBiz
Status
FOR SALE
Advert ID185950
LocationLawrence Weston, Bristol
SectorAccessory Businesses, Retail, Empty And Vacant Premises
TenureLeasehold
Leasehold Price£49,950
Annual Turnover£30,000
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BUSINESS
Hilton Smythe welcomes to the market Rawlins Shop. The business was established in 2015 by our client when the property was split in half by the landlord. This is a great location for a busy retail store. The owner is now looking to sell the shop due, to the desire to focus on other business interests.

The business runs as a retail store selling a large variety of retail products. Stock includes baseball caps, Shisha pipes, jewellery, gifts, e-cigarettes, clothing including children’s sportswear and football shirts, antiques and gifts. All with very high mark ups.

The business generated a turnover in the region of £30,000 as of the 2016 accounts, with a gross profit of 83%. This is a very busy location that receives heavy footfall every day. The purchaser should look to extend opening hours to allow for more trade.

We feel that the shop could be utilised further. With the correct planning consent this property could be anything the purchaser desires. A café, clothing store or jewellery shop would be great ideas for this property.

There is potential to expand the shop to the next door. The landlord is the same and this could be negotiated upon request.

All stock is included in the sale.

This property would be a great first time purchase for a hard-working purchaser looking to run a store in a prime location. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Rawlins Shop is located in Bristol.

The business is situated on a main retail parade with a large mix of complementary businesses. In the area, there is a Polish bakers, taxi firm, restaurant, barbers, café, art gallery and a Machine Mart. There is parking behind the property.

This area is close to St George park, Bristol Academy and the main Lawrence Hill city centre roundabout. Bristol city centre is also just a short 10-minute drive away. Therefore, benefitting from a generous amount of footfall and passing trade.

The business is situated on the A420 a busy arterial road that heads to the centre of Bristol. Lawerence Hill has a generous amount of public transport connections. There is a bus stop a short walk away and the closest train station is also a minute walk.

PREMISES
Rawlins Shop has a glass shop front that allows for a bright interior. This store is set on a main high street.

On entry is the open plan trading area, this is approximately 400 sqft. Around the perimeter is shelving for stock. To the left on entry is a glass jewellery cabinet. This is a well-presented store that has been completed with laminate flooring.

Through to the rear is a staff area with WC.

Equipment included in the sale includes: -
Shelving
Racking
Till
Counter
Jewellery cabinet

The fixtures and fittings are valued at approximately £10,000.

TENURE
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 3 years
Remaining lease length: 2 years as of 2016.
Rent: £7,200 per annum

HOURS
The business opening hours: -

Monday - Saturday: 9am – 6pm
Sunday: Closed

STAFF
The business is run and managed by our client.

FINANCIAL PROFILE
The business generated a turnover in the region of £30,000 as of the 2016 accounts.
Gross profit 83%


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