Very busy model and hobbies shop in Newark. High St location with excellent passing trade and high footfall.
Operated by the current owner for over 35 years and is incredibly well known, a destination store. It attracts customers from many different regions due to its reputation and stock levels.
Extensive ranges and stock levels, probably as good as you will find in the UK.
Sales have increased YOY as have the gross profits.
The lease includes a 3 bed flat above the store, which is currently part used as an office, it does need a bit of TLC.
The owner is wanting to retire.
Extensive range die cast models, radio controlled vehicles, model kits.
Model railway kits, Scalextrix, War gaming plus many more
Sales increased by 11% latest accounts to Feb 19
GP increased by 23% YOY and up 4% from previous year
Sales for 1/3/19 to 31/8/19 up 19%
Lucrative repairs and servicing
3 bed flat included in the lease
Is accommodation included?:
There is a three bedroom flat above the commercial premises should a new owner wish to live above the shop.
The business is located on the main road in Newark with large shop front and window display.
There is excellent local parking and a nearby pedestrianised shopping area with further retail outlets.
The rent has been assessed by a local commercial agent as being in the region of £12,000 per annum.
The rates are charged at £0 (zero) for the year under the rates relief scheme.
SOLD by Business Partnership