Music Shops for sale in Warwickshire

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Imran Ahmed (Nov 2014)
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Leasehold Price: £35,000 Price Reduced Turnover: £50,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market a comic book store. This unique retail business was originally established in 2014 by our client. Although the business hasn’t been open for that long there is a great reputation within the enthusiast community.

The business has recently been nominated by the local MP for ‘Best Independent Shop’ in a national retail competition. There have been several appearances from a number of Star Wars actors such as-

Ian McDiarmid- Palpatine

Anthony Daniels- C3PO

Ray Park- Darth Maul

This is great for trade as it attracts huge amounts of custom.

Our client has thoroughly enjoyed running the store but is now looking to sell due to health issues. The business is run as a collectors store selling a great range of products. They sell a fantastic collection of comic books, vinyl records, DVD’s, shirts, retro dresses, posters, key rings and film memorabilia.

The business generates an advised turnover of around £50,000 per annum. This is great however we feel this could be increased in many ways. The store is currently closed on Monday and Tuesday; by opening on these days there should be an increase in custom. This is a unique business with a large market, the new owner should look to attend trade shows and festivals to promote the business more.

The store does use social media which should be continued. There is also a website which advertises stock and promotes up and coming events. Fans also have the option to sign up for the newsletter. The website would benefit from being e-commerce, as there should be more custom from customers more further afield.

This is a perfect opportunity for an enthusiast looking to get into this type of business. There is no competition in this location for this type of business and so this unopposed store has huge potential to thrive further. We are advised that our client would be willing to offer a handover period to the purchaser whilst they settle in.

Hilton Smythe highly advise early viewing to avoid disappointment.

LOCATION
This comic book store is located in Warwickshire.

The business is situated on the end terrace on a main road location. This is a very busy area with a heavy amount of footfall daily. Across the road from the property are several businesses such as a bathroom store, café, Domino’s pizza shop and also a large Aldi supermarket. This is a highly residential location from which the business receives a large amount of trade.

PREMISES
The business boasts a large end terrace property. The premise is well signed with a large sign across the front, there is also signage to the side. There are parking spaces directly outside.

The main retail area has sections for different products. The main service counter is to the right on entrance. The counter is bespoke and promotes a range of stock on top. Around the store is perimeter shelving there are also many display cabinets and shelving dotted around the store.

Through to the rear is the comic book display room which has further shelving and a central display unit. There is a separate room for records this is large and long with further purpose built racks.

Equipment includes-

Fixtures and fittings

Racks

Shelving

Display cabinet

There is a separate office area which is a generous size this comes fully fitted with a desk and storage. This space is also used as the staff area and there is a microwave and a stainless steel sink with drainer. There is a separate toilet area directly facing the office.

The premise is well protected with roller shutters on the windows. This is a well presented property with a generous amount of stock on display.

TENURE
We are advised the business is Leasehold.

Rolling lease, new lease to be negotiated.

Rent: £750  per month

HOURS
The business is open-

Monday: Closed

Tuesday: Closed

Wednesday - Saturday: 10am – 5pm

Sunday: 11am – 4pm

STAFF
The business is run and managed by our client with the help of family members and three part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £50,000 per annum.


Tenure: Leasehold

Listed by: Hilton Smythe
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