Retail premises for sale in Leigh Road, Eastleigh SO50

£174,995
Retail premises for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
*** 2 stores - Eastleigh, Hampshire & Havant, Hampshire ***

Please quote reference B06118

Hilton Smythe welcomes to the market Ink Planet, an award-winning stationery retail company located in Hampshire. The business was established by our clients over 10 years ago, only now does the business come to the market due to retirement.

The business generates income via in-store sales with a small percentage of the turnover coming from the user-friendly website. The business provides ink cartridges, ink refills, printers, paper and other stationery products.

There are 2 retail shops and an e-commerce website.

The company has an outstanding reputation, with 5-star reviews on Google and has also been awarded a gold award for customer service by Eastleigh bid mystery shopper’s scheme. Ink Planet is a trusted supplier to many local businesses, enjoying a high level of repeat trade and word of mouth recommendations.

The business currently trades 6 days a week and generates a turnover in the region of £200,000 per annum, 85% -90% of trade is shop sales.

With an injection of advertising and marketing there is potential for further growth. The website is up to date with all products offered, though our client advises improvements could be made to enhance sales, such as embarking on online marketing schemes, utilizing social media, and pushing advertising.

This is a fantastic opportunity to invest in a clearly sustainable business, early viewings come highly advised, viewings are strictly by appointment only, please contact Hilton Smythe

Location
Eastleigh -

The Eastleigh shop is located on Leigh Road, close to the A335 an arterial a-road, that links to the M27 and connects to the M3 motorway network. Eastleigh boasts great public transport with the bus station and Eastleigh Railway Station is just a few minutes’ walk away.

Havant -

The Havant shop is located on the 1st floor of Meridian Shopping Centre, close to the A27 an arterial a-road, that runs into Chichester and connects to the M275 motorway and M27 network. Havant boasts great public transport with the bus station and Havant train station just a short walk away.

Premises
Eastleigh -

The shop boasts a modern commercial premise on the ground floor, which is well sign written externally, with modern and fresh internal décor. Above the shop is a 1 bed flat which has a separate entrance to the shop, allowing the flat to be sublet should the purchaser desire. Previous tenant was paying rent of £675 pcm.

Havant - The retail unit is located on the 1st floor, Meridian Shopping centre. The premises are well signed with a modern interior and benefits from spacious back office and separate kitchen areas.

The sale of the business also includes the following -


  • Epos Systems

  • Slatwall panelling

  • Display stands

  • Storage systems

  • Website ()

  • Social media account

  • Trademark (registered with ipo)



Tenure
We are advised that the businesses are both being sold on a Leasehold basis, with the Eastleigh store having 18 months remaining on the 10 year lease and the Havant store having over 3 years remaining on the 10 year lease. The rent is £16,500 per annum for Eastleigh & £4,200 for Havant.

Hours
We are advised that the business is trading (Hours vary during Covid) -

Monday - 09:30 – 16:00
Tuesday - 09:30 – 16:00
Wednesday - 09:30 – 16:00
Thursday - 09:30 – 16:00
Friday - 09:30 – 16:00
Saturday - 09:30 – 16:00
Sunday - Closed

Staff
We are advised that the businesses are owners ran and managed, with the help of 1 other part-time staff member.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £205,000, with an adjusted net profit in the region of £70,000. Full financials can be made available upon further request.

Please quote reference B06118

Arrange Viewing

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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