Retail premises for sale in North Valley Road, Colne BB8

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 2020, with a Annual Turnover £1,385,196, and a Gross Profit £239,482. 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: £59,995.

Please quote ref: 5559