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Shop for sale

Robert Street, Scunthorpe, Lincolnshire, DN15

107 sq. m. | £17,500

Property Description

Commercial information

  • Business for sale
  • 1,151 sq ft (107 sq m)

Key features

  • LEASEHOLD
  • REF 3042

Full description

Tenure: Leasehold

LOCATION
Condor Supplies is located in Scunthorpe, North Lincolnshire.

The area on which the business is situated is a main retail area. The business is just a short walk from Scunthorpe town centre which benefits from a heavy amount of footfall daily. There are many clothing stores in the area however there is no competition for this type of clothing store. Most of the retail stores are large brands such as Topman. There are other independent stores like school clothing, children's clothes and boutiques.

Scunthorpe is a busy town with great public transport links. There is a train station just a short 5 minute walk away, there are also many bus stops around the town. The town is close to Hull and also Grimsby. These are an easy commute using the great road links. The A18 and M181 motorway connect to further road connections, such as the M180.
BUSINESS
Hilton Smythe is delighted to welcome to the market Condor Supplies. The business was originally established as Plasketts in 1980 and was taken over by our client in 2000. Our client has thoroughly enjoyed running the store but is now looking to sell the business due to the desire to take a well-deserved retirement.

The business runs as a unique and niche clothing store stocking products such as outdoor clothing, army supplies, work wear, waterproofs, safety boots and camping products this includes accessories. The store currently supplies products to two army camps. This is fantastic as it guarantee's repeat trade.

The current turnover for the business is an advised 67,700 per annum with a gross profit of 33%. We are advised the store at a peak has generated around 440,000 per annum. The large decrease has been down to our client's ill health.

The store has been run at a steady pace that suits our clients pace. We feel the turnover could be massively increased with a takeover by a motivated hard working new owner.

The purchaser could look into increasing the number of army bases that they supply to, this could boost loyal trade. The business doesn't yet have a website, this should be something the buyer prioritises as it will increase potential customers.

A small advertising campaign such as door to door leaflets and the use of free social media is a great way and cost effective way of promoting a business.

This is a brilliant opportunity for any purchaser looking for a profitable retail store. Our client would be willing to offer a hand over period to the purchaser if required.

Hilton Smythe highly advise early viewing to avoid missing out on this unique business.
PREMISES
The business is situated on a corner premise with military signage that suits this business. The property boasts a large display window which is used for eye catching displays.

The entrance leads through to an extensive shop area. There is an abundance of shelving with a huge amount of stock on display. There are central display units which utilise the space of the property. The counter are three glass display units together. To the rear of the premise is a toilet for staff.

Equipment includes-
Till
3 x Glass display units
Shelving
Racks
Perimeter shelving

The property has a first floor which is used as a stock room. The storage area is a great size and comes with shelving and racks. On this floor is an office space.

The property is fitted with electric shutters on the front window and manual shutters on the two doors. The windows at the side are either barred or gridded. There is also an audible alarm system fitted.

There is a drive to the side of the property with parking for 2 cars. Next door to the property is a public carpark with free parking for up to 2 hours, on weekdays and all day Saturday.
TENURE
We are advised the business is Leasehold.
Rolling annual contract. There is a new lease available on negotiation.
Rent: 500 per month

HOURS
The business is open-

Monday - Saturday: 9:30am - 4:30pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 2 part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 67,700 per annum.
With a gross profit of around 33%

Map & Street View

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