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Shop for sale

Priory Street, Dover, Kent, CT17

Leasehold £20,000
77 sq. m.

Property Description

Commercial information

  • Business for sale
  • 828 sq ft (77 sq m)

Key features

  • REF 12392

Full description

Tenure: Leasehold

The business is located in the coastal resort of Dover, Kent

XPRESS Games (Dover) occupies a prominent trading position within the bustling town centre, just off the main retail parade with its abundance of shops, eateries and town centre amenities. The business benefits from several bus stations directly to the front seeing high footfall in the area.

Dover is a haven for tourists, with it stunning coast and famous White Cliffs, superb walking in beautiful countryside and impressive history and culture. The area attracts hundreds of visitors year after year. Dover is easily accessible from several A roads and has excellent public transport links with mainline railway stations and network of bus services running through the town centre and out to neighbouring towns and villages.

Hilton Smythe welcomes to the market XPG (Dover) established in dover by our client in 2005 as park of XPRESS game group of stores. The business has seen year on year growth to the successful business it is today.

The business boasts a monopoly trading position being the "LGS" Local Games Store in Dover, specialising in the retail and events market for the leading Trading Cards, Board Games and hobby ranges, such as the hugely popular Magic the Gathering, Pokemon and Warhammer. The business holds many official gaming pre-release events with the leading publishers of various gaming products within the hobby game industry. The business reports a turnover of 115,000 with gross profit at circa 24%.

Above the retail store is a large gaming room, with seating capacity for approximately 24. The room allows for team gaming, evening and day events and competitions. The events scene has grown massively over the last 12 months but we believe could be promoted further through advertising. A new owner could look into increasing the range of drinks and confectionery for gamers and also for the high level of passing trade due to the businesses superb location with several bus stations directly outside.

The business has an informative website Which not only promotes this business but our clients 3 other similar businesses in Kent, which are also for sale either independently or with this business and have been priced to sell quickly. The businesses genuinely come to the market due to our client's family commitments.

A new owner may look into adding e-commerce sales to the website, which we believe could potentially double the turnover. The business is also currently run by staff, if a new owner had a more hands on approach this would have an instant saving of 20,800 on wages.

This unit can be bought with the vendors other sites which are located in Ashford, Canterbury and Folkestone.

End of terrace single fronted premise briefly comprising:-

Large glass window with products displayed.

Retail area with adjustable slatted display shelving to 3 sides, the stock is zoned into similar product type for easy shopping.
Long central service counter.
Staff kitchen
Toilet facilities
CCTV, alarms and electric shutters to ensure security.

Stairs lead to: -

Gaming room with capacity for approximately 24 with addition of large games table.

We are advised leasehold
The original lease length is 5 years
As of 2016, 3 years remain on the lease
Review period is 5 years
Rent is 5,500 per annum.

The business opens:-
Monday to Saturday 10.00am - 5.30pm
Sunday: 10.30am - 4.00pm
Evening events finish at 10.00pm

The business is managed by our owner with the daily business being run by 2 members of staff.

The business reports a turnover of 115,000 with gross profit at circa 24%.

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