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Shop for sale

Dalton Square, Lancaster, LA1

£220,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

EXCEPTIONAL DEPARTMENT STORE
Well established and highly regarded business
Genuine reason for sale due to retirement
Well appointed and presented throughout
Situated in the bustling town of Lancaster
Advised annual turnover of 800,000
Ideal partnership opportunity
Scope for further development
Freehold option available
Many prestigious brands
LEASEHOLD


Location

This fabulous opportunity is located on one of the main through roads in the centre of Lancaster. The business is surrounded by complimentary shops and establishments. Lancaster is the county town of Lancashire and sits on the River Lune. It has population of 133,914 and encompasses several outlaying towns, including neighbouring Morecambe. Long existing as a commercial, educational and cultural centre Lancaster was granted city status in 1937. The M6 motorway passes to the east of Lancaster, with junctions 33 and 34 to the South and North. The A6 passes through the city leading to Preston, Chorley and Manchester and Northwards towards Kendal.


Business History

Meridian Business Sales are delighted to offer for sale this superb retail store which was established by our clients in 1963. Since the business was established they have invested time and money in the business and premises to the point where it is in full walk in condition. They have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at 800,000 which is derived from the sale of a range of goods such as lingerie, swimwear, cosmetics, fashion accessories, perfume, handbags and jewellery to name just a few. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a true lifestyle business in one of the most desirable areas in the UK and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.


Financial Profile

Turnover: 800,000pa

Gross Profit: 50%

Stock Approximately: 250,000




Tenure

Leasehold
Lease to be negotiated


Opening Hours

Monday: 9:00am 5:00pm

Tuesday: 9:00am 5:30pm

Wednesday: 9:00am 5:30pm

Thursday: 9:00am 5:30pm

Friday: 9:00am 5:30pm

Saturday: 9:00am 5:00pm

Sunday: Closed


Accommodation
Well presented glass fronted property, briefly comprising:

GROUND FLOOR

Secure entrance leading to

Open plan retail area

Free standing displays

Wall fixed displays

Serving/payment counter with cash register
Glass cabinet displaying jewellery

Cosmetic and fragrance displays
Many designer brands such as Clarins, Estee Lauder, Clinique, Lancome, Christian Dior, Guess, Radley, Fiorelli etc.

Access to cellar used as storage
FIRST FLOOR

Open plan area
Lingerie displays

Swimwear displays

Changing/fitting rooms
SECOND FLOOR

Offices

Walk-in attic


EXTERNAL

Main high street with easy access to parking facilities


To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

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Disclaimer

Property reference 3214. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.