Freehold & Leasehold Discount Stores & Warehouse For Sale

Business description

Bag a Business Ltd is highly delighted to offer for sale this highly profitable and well renowned business. It was established by our clients in 1983 and currently trades as a leading discount store and is a household name within the area. Annual turnover is currently in excess of £3.6 million producing a gross profit of 29.8%. The business, which employs 30 full time and 8 part-time staff, many of whom are very loyal and long-standing employees, operates from two shops and one warehouse. Our client is only now offering the business to the market due to his wish to retire, therefore giving new owners an excellent base on which to expand the business, particularly through further proactive marketing, the introduction of a website and e-commerce. The sale price includes substantial freehold shop premises, a two bedroomed detached house, a two-bedroom flat and a two third share in a similar business, which has a turnover approaching £1.5 million. This is a unique opportunity to acquire a market leading business which produces excellent returns and we would highly recommend early discussions with Bag a Business Ltd.

Property information

Property:

Freehold

Lease terms:

TENURE
Shop 1 - Freehold
Shop 2 - Leasehold
Original length: 15 years
Remaining length: 8 years
Review every: 5 years
Rent: £40,500 per annum

Warehouse
Original length: 15 years
Remaining length: 13 years
Review every: 5 years
Rent: £42,000 per annum

Living accommodation:

PROPERTY DETAILS Two-storey building with a wide an attractive frontage with a similar ground floor lock up shop opposite. SHOP 1- FREEHOLD GROUND FLOOR Retail space of 6,500 ft.ý with shelving and and racking to suit trade 2,000 ft.ý storage to the rear FIRST FLOOR 8,500 ft.ý of warehouse with metal racking system SHOP 2 - LEASEHOLD Ground floor retail space of 2,500 ft.ý, newly fitted out in 2007 ADDITIONAL PROPERTIES Double fronted detached house with 2 bedrooms (freehold) Two bedroom flat (freehold) Warehouse offering 9500 ft.ý of storage space EXTERNAL To the rear of shop one is a large loading bay and staff car park for approximately 10 cars

Location:

This highly regarded and well renowned business occupies a prime, high-street trading position within a major Dorset town. Surrounded by complementary businesses, it enjoys a high degree of footfall and benefits from on-street parking in the surrounding roads and ample parking in the many Pay-and-Display car parks. The business is situated within a densely populated area of the town, which has a population of approximately 164,000 and is a very affluent and sought after area. Transport links are excellent with major trunk roads leading to motorways, a direct rail link to London and its own international airport.

Other information

Trading hours:

Mon - Sat: 9.00am - 5.30pm Sun: 10.00am - 4.00pm

Contact the seller