Retail premises for sale in Lancaster Road, Morecambe LA4

£249,995
Retail premises for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established opticians business in Torrisholme, Morecambe, Lancashire.

The business was established by our clients 25 years ago and has been in its present location since 2006. Only now is the business being offered to the market due to our clients` desire for a well-deserved retirement. The business is open 5½ days per week and generates a turnover in the region of £124,000 per annum, with a gross profit of approximately 77%.

Our clients offer a variety of optical services including sight test and eye examinations, field tests and tests for glaucoma, as well as offering expert advice and knowledge. The dispensing optician stocks a wide range of frames and lenses, which include all the latest styles and brands including Calvin Klein, Michael Kors, Rodenstock, Shamir and Varilux.

The business has an excellent reputation within the area for the high quality and friendly services offered, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals.

The substantial premises are currently underutilised with four rooms on the first floor being used for storage or private offices, which could be refurbished and used as treatment rooms; therefore expanding the business.

We feel the turnover could be increased by extending the testing hours of the business as currently this is only done 3½ days per week and Saturday morning. A new owner could also embark on a modest marketing campaign to highlight the business and the services offered.

The business already has an excellent website in place to promote the services and goods offered. This is an excellent opportunity for a new owner to take this already thriving and popular optician business to the next level; therefore early viewing must come highly recommended.

Location
Moon & Coxhill Ltd occupies substantial two storey corner premises, ideally located in the suburb of Torrisholme in Morecambe, Lancashire. The business is surrounded by a wealth of complimentary shops and businesses, as well as densely populated residential areas, from which the business derives much of its trade. According to the 2001 census the Torrisholme ward had a residential population of 6,758. The village lies east of the centre of Morecambe and Poulton-le-Sands is to the north-west.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 2 miles away in Morecambe town centre. The area is also well served by the a-roads with the A683 within easy driving distance of the property, which links to the vast a-road and motorway networks. The business is in close proximity to the Lake District National Park and Blackpool is 31 miles away.

Premises
Substantial two-storey corner premises, briefly comprising:

Ground floor:
Attractive entrance.
Reception and waiting area.
Dispensing room and frame display to left.
2 x private consulting rooms.
Fitted kitchen

First floor:
4 rooms currently used for storage or private offices.
Bathroom.
Workshop.

Loft area used for storage.

Equipment included:
Reception counter.
Display stands.
Chairs.
All testing equipment (full inventory to be supplied).

External:
Well signed business.
On-street parking.
Rear yard.

Tenure
We are advised Freehold.

Hours
Monday – Tuesday: 9.00am – 5.30pm
Wednesday: 9.00am – 5.00pm
Thursday – Friday: 9.00am – 5.30pm
Saturday: 9.00am – 1.00pm

Staff
The business is owner run and managed with 3 x part time staff members.

Financial Profile
As of the 2019 accounts, the business generates a turnovern of £124,170 per annum, with a gross profit of approximately 77%

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For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (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 Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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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