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Shop for sale

Lidget Street, Huddersfield, West Yorkshire, HD3

40 sq. m. | £13,500

Property Description

Commercial information

  • Business for sale
  • 430 sq ft (40 sq m)

Key features

  • LEASEHOLD TOY SHOP
  • REF 12867

Full description

Tenure: Leasehold

LOCATION
The Magic Box occupies substantial ground floor, corner premises, ideally located within the suburb of Lindley, Huddersfield, West Yorkshire. The property is located on the busy Lidget Street and is surrounded by a wealth of complimentary shops and businesses as well as densely populated residential areas, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good on street parking facilities to the front and side of the premises and being within close proximity to schools.

Lindley is a suburb of Huddersfield, within the metropolitan borough of Kirklees in West Yorkshire. It is situated approximately 2 miles northwest of Huddersfield town centre. Huddersfield is a large market town and is the 11th largest town in the UK. According to the 2011 census, the town had a residential population of 162,949.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is in Huddersfield town centre. The area is also well served by the A-roads, with both the A640 and A629 being within easy driving distance, which link to the national A-road and motorway networks. Halifax is approximately 6 miles away and Dewsbury is 11 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy toy shop business, which is ideally located within Huddersfield, West Yorkshire.

The business was established by our client in 2014 and is only now, reluctantly, being offered to the market, due to our client's family commitments. The business currently operates 5 days per week and generates a turnover in the region of 33,700 per annum, with a gross profit of approximately 32%.

Our client offers a wide variety of toys, gifts and games from the ages of new born to teenage years including art and craft materials, jigsaws, building blocks, puzzles, children's bags and fancy dress with various costumes, to name a few. The property boasts approximately 40 sq. metres of floor space, is very well maintained and extremely well fitted out to suit the trade.

We are advised that a new owner will have to rename the business, as the trading name belongs to our client.

The business has built up an excellent reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours of the business, perhaps by opening on Monday's, as the business is currently closed on this day. A new owner could also embark on a modest marketing campaign to highlight the goods offered. We feel the business would benefit from the launch of a website for the shop, which could incorporate online ordering facilities.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial ground floor, corner premises, in a prime trading location, briefly comprising:

Beautiful Georgian display window.
Large open plan shop.
Shelving to perimeter walls.
Display carousels.
Art supplies display.
Serve over counter with electronic cash register and credit/debit card terminal.
Baby clothing, toys and accessories section.

Rear WC with wash hand basin.

External:

Good signage.
On-street parking to the front of the premises.

TENURE
We are advised Leasehold:

Rent: 600 per month.

HOURS
The business is open:

Monday: Closed
Tuesday - Saturday: 9.00am - 5.00pm
Sunday: Closed

STAFF
The business is owner run and managed with 2 x part-time staff members.

FINANCIAL PROFILE
The business 33,700 per annum, with a gross profit of approximately 32%.



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