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Bridgegate Centre, Bridgegate, Retford, Nottinghamshire, DN22

420 sq. m. | £25,000

Property Description

Commercial information

  • Business for sale
  • 4,520 sq ft (420 sq m)

Key features

  • REF: 1517
  • LEASEHOLD
  • FURNITURE STORE

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe are delighted to introduce Wrights Furniture to the market.

Wrights Furniture was originally founded some eleven years ago, our client has nurtured this family run business into the successful and profitable business it is today benefiting from an excellent reputation for quality furniture.

Wrights Furniture stocks a huge range of furniture for all rooms, within their extensive showroom. Also on display are soft furnishing, mirrors, wall art, pictures along with a spectacular range of home accessories.

Customers are able to view an extensive, bespoke selection of high quality living room, bedroom, dining room and home office furniture which includes; display units, tallboys, wall units, chairs, dressing tables, wardrobes, coffee tables, easy chairs and rocking chairs to name but a few items.

The prime business activities consist of furniture retail, however, the business also offer a furniture restoration service, offering polishing, waxing, fixing loose handles and hinge restoration. The business also colours pine furniture for customers to match with their existing items.

This is a wonderful opportunity to own this professional furniture retail business, offering a personal service to its wide and loyal customer base.


LOCATION
Wrights Furniture occupies substantial ground floor premises, ideally located in the market town of Retford, Nottinghamshire. The property is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The area also benefits from excellent parking facilities within close proximity to the business.

Retford is a popular market town in the East Midlands. The town is situated in a valley and the River Idle and Chesterfield Canal run through the centre of the town. Retford is an important commercial centre for the local area, with large supermarkets, many independent shops and a market every Thursday, Friday and Saturday.

The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. Both Retford railway station and Retford Low Level station are approximately one mile away. The area is also well served by the A-roads, with the A638 being within easy driving distance, which links to the national A-road and motorway networks. The city of Nottingham is approximately 31 miles away and Lincoln is 23 miles away.

PREMISES
Wrights Furniture occupies substantial ground floor premises in an ideal trading location, briefly comprising:

The premises are well signed, visible from the main road, which is conveniently located close to the main shopping area.

The premises contain two frontage display windows.
Large open showroom housing complimentary, tasteful arrangements of lounge, dining room and bedroom display areas.

Rear office area with electronic cash register.
Kitchenette.
WC.
Rear exit doors.

TENURE
We are advised the business is Leasehold:

Original lease length: 3 years
Remaining lease length: 2 years
Rent: First year - 6,500 per annum, year two 7,500 per annum, year three 8,500 per annum

HOURS
The business currently trades:

Monday to Saturday 9.00 am to 5.00 pm
Sunday 12.00 midday to 4.00 pm

STAFF
The business is currently owner run and managed.

FINANCIAL PROFILE
The business reports a turnover of 100,000 per annum, with a gross profit of 47,000.


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