Retail premises for sale in Liverpool Road, Newcastle-Under-Lyme ST5

£69,000
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Main Road Trading Position
  • Accounts Available To 30th April 2021
  • Annual Turnover £306,180
  • Gross Profit £142,336
  • Net Profit £57,786
  • Accounts Available After Viewing
  • Established 2011
  • Retirement Sale
  • Fully Equipped
  • Free Parking
  • Well Presented
  • Excellent Online Reviews
  • Basic Website In Place
  • Scope For Online Sales
  • Potential To Expand Product Lines
  • EPC - C

Property description

Ref 7482 – Leasehold Bed & Furniture Centre
Blacks Brokers are pleased to bring to the market this leasehold bed and furniture located in Newcastle-under-Lyme, Staffordshire.


Introduction


Forty Winks Bed Centre was established by our client in this busy area of Newcastle-under-Lyme in 2011. The business offers a wide range of beds, mattresses and bedroom furniture. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Forty Winks Bed Centre has a basic website in place with scope to introduce online sales which would see a drastic increase in turnover.


Location


Forty Winks Bed Centre occupies a main road trading position within a parade of shops and offices. The area is densely populated residentially as well as commercially with neighbouring businesses including independent retailers as well as large multiples such as Subway and Bargain Booze. There are also a number of local amenities nearby including schools, colleges and supermarkets. The area is well linked by the M6 and A34 with very strong public transport links and parking is available immediately outside.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2017 at a cost of £803 per week.


Staff


The business operates with three members of staff in employment supporting our client working in a managerial role on a full time basis.


Financial details


Forty Winks Bed Centre has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th April 2021 show annual turnover of £306,180 and gross profit of £142,336. Full financial information is available upon request.


Business rates


The business has a rateable value of £11,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This long established business occupies an enviable trading position in a highly sought after and busy area of Newcastle-under-Lyme. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours, possibly to include late nights. A new owner could also expand the website to include online sales and create a new social media presence with strong marketing campaign, the current owner advises there is much demand for this and it would see a massive increase in turnover. 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: £69,000.

Please quote ref: 7482

Business Accommodation

Building layout and design

Forty Winks Bed Centre operates from a single storey property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the showroom is beautifully presented and there is a large warehouse area to the rear. All areas are fully equipped and alarmed.

Fixtures & Fittings

Full List Available On Request

Opening Hours

Mon - Sat: 09:30 - 17:00
sun: 11:00 - 16:00

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Disclaimer

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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