Long established retail shop which has been based in Southbourne since 1932. The business has been operated by the current owners for approximately 12 years. Loyal and regular clientele. The shop sells a huge range of haberdashery, linen and materials (one of the most comprehensive selections in the South of England). Fully fitted and equipped throughout. Genuine retirement sale.
SUMMARY OF ACCOMMODATION
Retail Shop. Store Room. Kitchenette. Staff Cloakroom. Walk in Store Room.
TRADING & BUSINESS
The business is operated by the full time owner who has the use of up to 3 part time members of staff as required. It currently trades Monday to Saturday from 8.30am until 5.30pm. The owners have provided us with accounts which show that in the year ending 5th April 2016 the turnover was £129,795 excluding VAT with an adjusted Net Profit of approximately £35,000. Further accounting information can be made available to genuinely interested purchasers.
The owners estimate that the current value of the stock which will be sold in addition to the business is approximately £60,000.
Central High Street location. Seafront approx. ½ mile. Pokesdown Station within ¾ mile. Christchurch approx. 3 miles. Bournemouth approx. 3½ miles.
LEASEHOLD. The premises are held under an original 15 year lease from 29th September 2010, with 5 yearly rent reviews at a current rent of £16,750 per annum. We have not had sight of this lease documentation.