Hilton Smythe is delighted to welcome to the market this well-established and popular domestic appliance retail business, which is ideally located within the popular town of Scarborough, North Yorkshire.
The business was originally established by our client in 1983 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £160,000 per annum, with a gross profit of approximately 32%.
The business specialises in the sale and repair of domestic appliances, selling a wide range of free standing and integrated appliances, including washing machines, dishwashers, refrigerators, freezers and tumble dryers, to name a few, from well-known makes such as Bosch, Gorenje, Beko and LG.
The property boasts approximately 81 sq. metres of floor space and consists of a large open retail area, a small office and a good sized storage area to the ground floor. To the first and second floors are 2 x self-contained, one bedroom flats, both of which are currently let out, generating £70 per week each.
The business has built up an enviable reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and service offered, as well as expanding in the commercial side of this business. The business already has an informative website in place to promote the business at www.tonybuckledomesticappliances.co.uk.
This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Tony Buckle Domestic Appliances occupies substantial three storey premises, ideally located within the popular seaside town of Scarborough, North Yorkshire. The business is located on the very busy North Marine Road, surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.
Scarborough is a town on the North Sea coast of North Yorkshire. With a population of just over 61,000 residents, it is the largest holiday resort on the Yorkshire coast and North Yorkshire and Scarborough is one of the most visited places in England. Its sandy North Beach has been awarded a Blue Flag award for high environmental standards and safety facilities, whilst the golden South Beach attracts visitors with its backdrop of shops, entertainment venues and amusements. The Scarborough area hosts many attractions - visit villages, museums and heritage centres along the Yorkshire Coast and inland in the North York Moors.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Scarborough railway station is just over ten minutes’ walk away. The area is also well served by the A-roads, with both the A165 and A64 being within easy driving distance, which link to the national A-road and motorway networks. Bridlington is approximately 17½ miles away and Whitby is 19 miles away.
Substantial three storey premises in an ideal trading location, briefly comprising:
Open plan retail area.
Product displays to perimeter walls.
Central product displays.
Small office to rear.
Good size storage area (could be converted into additional retail space).
First floor flat:
Second floor flat:
All retail fixtures and fittings are included within the sale, including supplier specific display stands (although these are the property of the suppliers for the display of their products).
There are also two vans included within the sale, a Vauxhall Vivara and a Vauxhall Kango.
The property is fully alarmed.
We are advised Freehold.
The business is open:
Monday – Friday: 9.00am – 5.30pm
Saturday: 9.00am – 4.00pm
The business is owner run and managed with his son and one full time staff member.
The business generates a turnover in the region of £160,000 per annum, with a gross profit of approximately 32%.
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