Shop for sale

Westbrook Walk, Alton, Hampshire, GU34

Leasehold 115 sq. m. | £88,000

Property Description

Commercial information

  • Business for sale
  • 1,237 sq ft (115 sq m)

Key features

  • REF 12451
  • LEASEHOLD
  • INTERIOR DESIGN BUSINESS

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular soft furnishings business, which is ideally located within the town of Alton, Hampshire.

The business was originally established in 1984 and has been in our clients' careful ownership since 2012. Only now is the business being offered to the market due to our clients' desire to concentrate on other business interests. The business currently operates 6 days per week and generates a turnover in the region of 319,064 per annum, with a gross profit of approximately 47%.

Our clients offer a variety of interior design products, including bespoke curtains, wallpapers, blinds, tracks, poles, loose covers, replacement foam and cushion fillings and fabrics. Other services they provide are home visits and full track and curtain installation. The business are exclusive stockists in the town centre of Sanderson, Clarke and Clarke, Romo, Harlequin, Voyage/Lorient and James Hare (silks), to name a few. The top wallpaper best sellers include Sanderson and Harlequin. The business has won the best Christmas window display three years in a row.

The business has built up an enviable reputation within the area for the very high quality of the goods and service 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 embarking on a modest marketing campaign, as our client has a database of customers dating back to 2013, which would provide an excellent base for this venture. The business would further benefit from the launch of a website to promote the high quality goods available, which could incorporate online ordering facilities.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.


LOCATION
Melanie Nelson Interiors (formally known as Lasletts interiors) occupies substantial two storey premises, ideally located within a pedestrianised retail area within the quaint market town of Alton in Hampshire. The business is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall. The business further benefits from excellent public car parking facilities within the area.

Alton is a popular and affluent market town and civil parish in east Hampshire. it is located across a valley on the source of the River Wey. According to the 2011 census, the town had a residential population of 17,816. The thriving market town offers a delightful mix of historic buildings, modern shops and arcades. It is well known for its regular Tuesday market day, as well as other markets and fairs.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Alton railway station is just over half a mile away. The area is also well served by the A-roads, with the A31 being within easy driving distance, which links to the national A-road and motorway networks. Winchester is approximately 18 miles away and Basingstoke is 13 miles away.

PREMISES
Substantial two storey premises in an ideal trading location, briefly comprising:

Ground floor:

Large display window.
Large retail area.
Central work bench.
Perimeter shelving and wall hanging facilities.
Fabric hanging displays.
Rear service desk.
Rear storage/kitchen area.
Staff WC.
Stairs to first floor.

First floor:

Large workroom with central work bench

TENURE
We are advised leasehold:

Original lease length: 10 years
Remaining lease length: 6 years
Review every: 5 years
Rent: 22,500 per annum

HOURS
The business is open:

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

STAFF
The business is owner run and managed with 3 x staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 319,064 per annum, with a gross profit of approximately 47%.



Nearest stations

  • Alton (0.5 mi)
  • Bentley (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Alton (0.5 mi)
  • Bentley (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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