Hilton Smythe welcomes to this profitable discount store. The business offers a vast array of products at reasonable prices, everything you would expect from a discount store.
Originally founded by our client some 27 years ago the business is now reluctantly offered for sale as our client looks towards retirement. The discount store includes sales of hand towels, toys, pet products, decorating materials and tools, home fabrics, DIY tools, gardening equipment, cards, crockery and soft furnishings to name just a few.
The already profitable business has the advantage of low overheads and we feel would benefit from an injection of capital and new ideas to take the business on to the next level.
We would highly recommend viewing this large retail unit to fully appreciate.
The business is located in West Yorkshire.
The business is located in a busy shopping this large residential district. This busy shopping centre ensures heavy footfall throughout the day and benefits from an extensive car park.
The business beneifts from easy access to the M1 and M62 motorways.
Externally the business is highly visible with large display windows and forecourt displaying several products. There is a large car park serving the shopping centre.
Internally this is a large retail unit with fitted shelving around perimeter and display units exhibiting the vast array of stock and serving counter.
At the rear of the unit is a stock room, store room and toilet facilities.
We are advised the business is Leasehold
We are advised the original lease length is 5 years with 3 half years remaining. The rent is currently £8050 per annum.
Business rates are currently £2000 per annum.
The business currently trades 7 days a week:-
Monday - Friday 9.00am 5.30pm
Sunday 10.30am - 4.00pm
The business is owner run and managed with the assistance of 1 part time member of staff.
The business reports a healthy turnover of £104,800 per annum, with reported gross profit of 39%.
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