Retail premises for sale in North Valley Road, Colne BB8

£39,950
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property description

Ref 5559 – Leasehold Laptop Spares & Repairs Shop

Blacks Brokers are proud to bring to the market this leasehold laptop spares and repairs shop located in the much sought after area of Colne, Lancashire.


Introduction


The Laptop Spares Shop has been trading here on North Valley Road since 2005 and over that time it has firmly established itself within the local community and this business sector. The business has also secured a good online presence and reputation.


Location


Colne is a popular town in Lancashire. It lies close to Burnley and Keighley with good links to the M65 and surrounding areas. The business is positioned well on this main road location with a busy retail park directly opposite. The area is close to the motorway with limited competition and plenty of passing trade.


Reason for sale


The business is only being offered for sale due to our clients other business commitments and interests.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is a rolling yearly lease at a cost of £400 per calendar month.


Building layout and design


The business is housed within the ground floor of a mid-terraced, stone built property. There is a mix of other businesses and residential properties along this parade. The business is well branded externally, with clear signage on display and painted exterior. Inside there is a large retail area welcoming customers in which has a selection of products displayed on wall shelving. To the rear of the unit is a repair area with equipment in place and additionally, a small kitchenette. All areas are well presented with good quality fixtures and fittings. The space could suit a variety of retail businesses and additional product lines.


Staff


The business employs two, part time members of staff with our client there full time.


Financial details


Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business Accounts Year End 31st March, with a Projected Annual Turnover (2019/20) £199,700, and a Projected Gross Profit (2019/20) £50,000. Most customers are from the local area as one would expect. The Shop has it's own website that is included in the sale.


Summary


This leasehold business is a well-established and reputable it solutions business and it delivers impressive weekly takings from multiple income streams. There is plenty of scope to develop the business further and there are even more income opportunities through introduction of new product lines and potential call outs. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £39,950.

Please quote ref: 5559

Property info

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Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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