Ref 5613 – Leasehold Health and Beauty Shop
Blacks Brokers are proud to bring to the market this leasehold health and beauty shop located in the much sought after area of Hastings, East Sussex.
Bio-Five-0 has been trading in this location since 1993, with our client in ownership since 2008 and over that time it has firmly established itself within the local community and has gained a large customer base and superb reputation with a wealth of health product knowledge in place.
Hastings is a desirable and popular area on the south-east coast. Steeped in local history, the area is attracts many visitors and tourists all year round, in addition to the strong residential population. The area is well linked with the A259 and A21 along with many local public transport links. The business is positioned on Courthouse Street, a well presented, pedestrianised area with traditional style buildings. All day car parking is available just a short distance away along with two-hour parking in the adjoining street.
Bio-Five-0 is only being offered for sale due to our clients retirement.
Bio-Five-0 is currently not contracted to a formal lease, with an agreement between our client and the landlord in place at a cost of £498.33 per calendar month. A new lease agreement will be negotiated with the business sale.
Bio-Five-0 is housed within a traditional style building with double bay windowed frontage. Inside, the shop is presented extremely well making it feel spacious. All products are displayed on well organised shelving and cabinets. Various freestanding displays and product specific (branded) displays are also positioned around the shop floor. A huge range of health supplements are displayed along with a large selection of natural cosmetics. The counter with display beneath is positioned to the rear of the retail area with stock cupboard, the business also shares staff toilet facilities with the business just across the road.
There are no other staff in employment. Bio-Five-0 is managed by our client with part time family support.
Financial details are available upon a viewing of the business which has traded solidly over its trading history. The business generates an annual turnover of £50,000-£70,000 with gross profits of over 23%. Most customers are from the local area as one would expect, with some passing trade due to the excellent trading position in this popular tourist area.
This superb business delivers impressive weekly takings and has established a large and loyal customer base. There is plenty of scope to develop the business further with potential online presence and ordering system for mail orders and online reservations. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. It may also be of interest to another similar business owner looking to expand into this area. Early viewings are strongly advised. Business: £34,995.
Please quote ref: 5613