Two Well Established Opticians Based In Hull

2 Shops Available Established Since 1987
Accounts Available 30 June 2017
Annual Turnover £135,981
Gross Profit £113,929
Excellent Town Centre Locations
Prominant High Street Locations
Excellent Footfall Areas
Next to Multiple Retail Brand Stores
Fantastic Reputation
Owner Run
Loyal and Repeat Customer Base
Well Known By Locals
EPC - F

Blacks Brokers are delighted to bring to the market these two leasehold optician businesses located in Hull and Cottingham. The businesses are located on Anlaby Road in Hull and Hall Gate in Cottingham.
Buckingham Opticians has been trading from Hall Gate in Cottingham since 2011. However, the opticians first became established more than 30 years ago and therefore has earned an enviable reputation in the area. The branch located on Anlaby Road in Hull, again became Buckingham Opticians again in 2011, with the business having been trading at this location for over 22 years. The business is only being offered for sale due to the owners’ other business commitments.
Cottingham is a large village just 4.5 miles from the City Centre of Hull. The business situated here is positioned on the busy Hall Gate, which is the main shopping street through Cottingham in an extremely affluent area. Other businesses on the street are chemists, eateries and convenience stores. The business operates from this attractive single fronted unit. The business is housed within a two storey construction the lease only concerns itself with the ground floor.

Hull is a busy and popular area of Yorkshire with a large residential community in addition to many businesses and visitors to the area. The business here is positioned on Anlaby Road, this is a busy, commercial main road leading into Hull city centre, there is on road parking nearby and other businesses in the area are mainly food and convenience, this is a very busy footfall area. The business is housed within a two storey building, and as with the Cottingham branch, the lease and business are contained within the ground floor. The business is just a stone's throw away from the K Com Stadium, home of the Premier League football club Hull City and the Super League club Hull FC, this means that the area becomes extremely busy on match days.

Both units are presented to a very high standard, with good quality fixtures and fittings and a high standard of equipment. There is a reception room in both shops, with attractive display items, a central desk for the receptionist and various freestanding and wall mounted display units. In both shops, this main reception area leads to the opticians room.

Financially, the businesses are generating a projected Annual Turnover of £142,450 (2018/19) with a Gross Profit £117,300 (Projected 2018/19) and have a combined rental cost of only £272 per week, making this a superb opportunity for a new investor. The customer base, as one would expect, has been built up over decades of trading and therefore is extensive. The businesses enjoys repeat custom and build new clients through recommendations and referrals. This businesses would suit an owner who could have a more hands on approach, as currently the business only offers eye tests on specific days and this impacts on the trading figures. There are plenty of additional trading opportunities to build upon the business and push the business forward on to the next level.

Buckingham Opticians is a well-established opticians with steady turnover and impressive gross profits of 81% with ample opportunity to exploit potential trading opportunities to increase turnover and add to its already impressive profit levels. Early viewings are welcomed by appointment only and are strongly advised as soon as possible, as a swift completion is anticipated.

Please note: the Buckingham name is not included in the sale of the business

Fixtures:
453 ANLABY ROAD; HULL

Trial case with accessories and trial frame

Near vision unit with polaroid visor

Combi unit with chair

Slit-lamp

Tonometer

Dicon LD-4oo with printer and electric table

Portable slit-lamp

Thomson 3D computerised Test Chart with computer; mouse; keyboard and 21Ó flat screen

6m wall chart

Prism bar

Ishihara

Amsler chart

Wilkins Rate of Reading Test

Drug safe

183 HALLGATE; COTTINGHAM

Trial case with accessories and trial frame

Maddox wing

RAF rule

Near vision unit with polaroid visor

Combi unit with chair

Slit-lamp with camera mounting

Keratometer

Tonometer

Dicon LD-400 with printer and electric table

Thomson 3D computerised Test Chart with computer; mouse; keyboard and 21Ó flat screen

6m wall chart

Chart projector with remote control and 45/135 polaroid visor

Prism bar

Ishihara

Amsler chart

Wilkins Rate of Reading Test

Drug safe