Hilton Smythe welcomes to the market Vintage & Retro Ltd. The business is run as a collectors and antiques store. The store was originally established in 2013 by our client who has thoroughly enjoyed running the business. The owner is now looking to sell the business due to the desire to want to focus more on online sales.
The business sells a vast range of antiques of all ranges from jewellery, furniture, paintings, silverware, etc. The vendor also specialises in music memorabilia and has a vast range of retro music equipment i.e. speakers, decks hi fi systems, records and books.
The current turnover for the business is around £52,000 per annum with a gross profit of 48%. This is a great turnover that could be increased further by expanding opening hours. The store is currently only open two days a week. By opening more days there should be a significant increase in turnover.
The store is well-known to the locals and the store does see repeat loyal trade. The business doesn’t have a website but has a Facebook page. An e-commerce website would also attract custom from a more further afield.
This is a fantastic opportunity for a purchaser with interest in this trade. Our client is very knowledgeable and provides an excellent service. Hilton Smythe highly advise early viewing to avoid disappointment.
Vintage & Retro Ltd is located in Sale, Greater Manchester.
The business is situated in the bustling town centre of Sale. The store is located amongst stores on a retail parade. There is a dance studio, carpet shop, pet shop, take away, hair salon and more. This area receives a high amount of footfall due to the main road location. Directly outside the store is pay and display parking. The area is densely populated with a plethora of residential property around.
The shop is situated on all the main bus routes and is located just of the M69 junction 6/7. This is a great location as the business receives a generous amount of custom from the passing trade.
The business is located in a large premise. The front of the property has a great sized display window for products. This also allows for a bright and airy retail space.
The retail space has an abundance of products on display and could benefit from some further shelving. The feel of the property suits the trade well. On entrance there is a desk with a computer from where customers are welcomed.
Through to the rear there is a toilet and a kitchen space for staff.
We are advised the business is leasehold.
Original lease length: 3 years
Remaining lease length as of 2016: 2 years
Rent: £550 per month
The business opening hours-
Wednesday: 9am – 5pm
Saturday: 9am – 5pm
The business is run and managed by our client with the help of 1 member of staff.
The business generates a turnover in the region of £52,000 per annum.
Gross profit 48%
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